Raymond through its subsidiary companies is accelerating its capacity expansion in Andhra Pradesh to support strong business momentum and growing customer requirements.

As part of this strategy, the Company's subsidiary is setting up an additional brownfield facility in proximity to its existing mega manufacturing facility in Andhra Pradesh. The facility is being developed as an interim capacity augmentation initiative and is expected to support incremental customer requirements and volumes during the current financial year. 

Additionally, Raymond's planned greenfield project in Andhra Pradesh is progressing as scheduled. The greenfield facility is envisaged as a larger, long-term manufacturing platform that will significantly enhance the Company's infrastructure and capacity to support its medium- to long-term growth plans.