Raymond Ltd Expands Andhra Pradesh Capacity With New Brownfield Facility
Mumbai: Raymond Limited announced on October 12, 2026, that it is accelerating its capacity expansion in Andhra Pradesh. This expansion is being undertaken through its subsidiary companies to support strong business momentum and growing customer requirements. New Brownfield Facility The company's subsidiary is establishing an additional brownfield facility near its existing Mega manufacturing…
Raymond Limited has unveiled plans to expand its capacity in Andhra Pradesh through the establishment of a new brownfield facility near its existing Mega manufacturing plant. This decision comes as a response to robust business performance and increasing customer demands. The new facility, set to augment interim capacity, is expected to meet the heightened customer needs during the current fiscal year.
Raymond Ltd's shares experienced a 22% surge within a week following the departure of Nawaz Singhania from the Mumbai-based group. The company's greenfield project in Andhra Pradesh, aiming to bolster its infrastructure for medium- to long-term growth, is on track. Sanjeev Sharma, the Joint Managing Director and CEO of JKMPTL-Raymond Group, emphasized that the accelerated expansion in Andhra Pradesh is a testament to the company's strong business momentum.
The additional brownfield capacity will enable the company to react swiftly to current customer needs and seize near-term opportunities. Raymond Realty is also planning a ₹409 crore fundraising drive, with the promoter group's stake in the company set to rise to 35.99%. The company is pursuing a two-stage expansion strategy, combining immediate capacity augmentation to meet existing requirements and volumes with scalable infrastructure to support future expansion and seize emerging opportunities.
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