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“…we would like to inform you that, operations of the manufacturing plant situated at unit: Rajahmundry has been disrupted due to a strike of the workers called by the Workers Trade Unions w.e.f. January 03, 2025,” Andhra Paper said in a regulatory filing.
The strike commenced on January 3, 2025, in response to demands for a higher wage revision in the upcoming wage settlement negotiations with the company management.
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The disruption has resulted in a daily production loss of approximately 510 metric tonne (MT). Despite the strike, the company confirmed that all assets at the plant are insured, ensuring protection against any potential damages.
The management of Andhra Paper is actively engaging with the concerned trade unions to address the issue and reach an amicable resolution as soon as possible.
“The company management is in discussion with the concerned Trade Unions to resolve the issue amicably as soon as possible and shall provide an update on further development in due course,” Andhra Paper said.
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Shares of Andhra Paper Ltd ended at ₹95.33, down by ₹0.26, or 0.27% on the BSE
