India, Oct. 12 -- Raymond Limited, through its subsidiaries, is accelerating capacity expansion in Andhra Pradesh to support strong business momentum and rising customer requirements. As part of the initiative, the company's subsidiary is setting up an additional brownfield manufacturing facility near its existing mega manufacturing unit in the state.
The brownfield facility will serve as an interim capacity expansion initiative, aimed at meeting incremental customer demand and supporting higher volumes during the current financial year. The move reflects the company's focus on responding quickly to market opportunities while maintaining capital and execution discipline.
Meanwhile, Raymond's planned greenfield project in Andhra Pradesh is...