India TV

Raymond shares in focus as company plans to expand manufacturing capacity in Andhra Pradesh

Shares of Raymond Limited are likely to be on investors' radar after the company, in its latest exchange filing today, said it is rapidly working on plans to expand manufacturing capacity in Andhra Pradesh through its subsidiaries. In the filing, the company said it is setting up an additional brownfield factory adjacent to its existing mega manufacturing plant to meet business growth and rising customer demand. The new facility is currently intended to expand production capacity to meet additional customer demand and increased orders during the current fiscal year.