Andhra Paper’s stock fell by 2% following a disruption at its Rajahmundry plant in Andhra Pradesh, caused by a workers’ strike that began on January 3, 2025. The strike, initiated by Workers Trade Unions, is driven by demands for higher wages during upcoming settlement negotiations. The halt in operations has led to a production loss of around 510 metric tonnes per day.
Despite the setback, the company reassured investors that the plant’s assets are insured, safeguarding against potential damage. Management is actively negotiating with the unions to resolve the situation swiftly and minimize further impacts.
Andhra Paper shares opened at ₹94.05 and reached a high of ₹94.79, while the low was ₹92.95. The stock has seen a 52-week high of ₹129.93 and a 52-week low of ₹90.45.
As of 10:16 AM, Andhra Paper shares were trading 1.93% lower at Rs 93.48.
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