Raymond Limited has accelerated its production capacity expansion in Andhra Pradesh through its subsidiary companies. This move comes in response to strong business growth and increasing customer requirements.
As part of this strategy, a subsidiary of the company is establishing an additional brownfield facility. This new site is located near its existing large-scale manufacturing unit in Andhra Pradesh.
The new facility is being developed as a temporary measure to boost capacity. It is expected to support additional customer demands and production volumes during the current financial year.
The decision to quickly add brownfield capacity shows the company's focus on meeting customer demand promptly. This is being done while maintaining financial and operational discipline.
Concurrently, Raymond's planned greenfield project in Andhra Pradesh is proceeding on schedule. This greenfield facility is envisioned as a larger, long-term manufacturing base.
The long-term project will enhance the company's infrastructure and capacity. It is designed to support Raymond's growth plans for the medium to long term.
