August 28, 2022 | |
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Dear Sirs, |
Sub: Clarification on Disclosure under Regulation 30 (4) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 dated August 26, 2022 - Approval of Capital Expenditure
In continuation to the announcement dated August 26, 2022 in relation to the approval of capital expenditure by Board, we further submit as follows:
Out of the total capex of ₹ 400 crores, an estimated amount of ₹ 113 crores shall be towards equipment reliability & sustainability of the current levels of production. The balance amount of ₹ 287 Crores shall be towards upgradation of Pulp Mill as under:
Designed Capacity | Average Capacity Utilization | ||
(TPD) | (TPD) | ||
Existing | 550 | 530 | |
Proposed | 630 | 600 |
You are requested to kindly take the above information in your records and disseminate the same to the public for their information.
ANDHRA PAPER LIMITED
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Andhra Paper Ltd. published this content on 28 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2022 20:43:46 UTC.