To reference to our letter dated April 30, 2026, in view of prevailing situation and in order to safeguard the employees, plant and machinery, material and other assets, the management ....
ANDHRAPAP · price
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Andhra Paper Limited has declared a lockout at its Kadiyam manufacturing plant in East Godavari, Andhra Pradesh, effective 10:00 PM on May 1, 2026. The lockout was imposed after an illegal strike by contract workmen began on April 27, 2026. Despite management's repeated appeals to resume duties, the striking workers disregarded these calls. The company reports an estimated production loss of 70 MT per day due to the shutdown. No physical damage to assets has occurred, and all insurable assets remain adequately covered. The lockout will remain in force until further notice.
The lockout will directly impact daily production and revenue generation. Shareholders should monitor for updates on when normal operations resume, as prolonged shutdowns could affect quarterly earnings and supply chain commitments.