Andhra Paper's Board has approved a capital investment of up to Rs. 178 Cr for upgrading Paper Machine-3 at its Rajahmundry facility.

This project aims to add an incremental 60 TPD, significantly boosting daily production capacity by 60%. With the existing capacity already at 100% utilization, this expansion is crucial for growth in core operations.

The project is estimated to conclude within 13 months, funded by internal accruals or bank financing.