Raymond Limited Accelerates Andhra Pradesh Expansion to Support Growth

The company is adding near-term brownfield capacity while progressing with a larger greenfield facility to support long-term manufacturing growth.

Bengaluru, 12 October 2026: Raymond Limited, through its subsidiary companies, is accelerating its manufacturing capacity expansion in Andhra Pradesh to meet growing customer demand and support business momentum.

As part of this strategy, a subsidiary is setting up an additional brownfield facility near its existing Mega manufacturing facility in the state. The facility will provide interim capacity augmentation and is expected to support additional customer requirements and volumes during the current financial year.

Brownfield Expansion to Meet Immediate Demand

The accelerated brownfield expansion reflects Raymond’s focus on responding quickly to customer requirements while maintaining capital and execution discipline.

By adding capacity near its existing manufacturing operations, the company aims to address near-term demand and capture emerging business opportunities. This approach will also help Raymond manage incremental volumes while its larger expansion plans continue.

Greenfield Project Progresses as Planned

Alongside the brownfield initiative, Raymond’s planned greenfield project in Andhra Pradesh is progressing as scheduled. The facility is envisioned as a larger, long-term manufacturing platform that will significantly strengthen the company’s infrastructure and production capacity.

The greenfield project is expected to support Raymond’s medium- and long-term growth plans. Together, the two initiatives create a phased expansion strategy that addresses immediate customer needs while preparing for future opportunities.

Sanjeev Sharma, Joint Managing Director & CEO, JKMPTL – Raymond Group, said, “The accelerated expansion in Andhra Pradesh reflects the strong momentum we are seeing in the business. While our greenfield project remains the foundation for our longer-term growth, the additional brownfield capacity will allow us to respond faster to current customer requirements. This approach enables us to capture near-term opportunities while continuing to build a scalable platform for sustained growth.”

A Two-Stage Manufacturing Growth Strategy

Raymond’s expansion plan combines two complementary approaches:

• Near-term capacity augmentation: The additional brownfield facility will help meet current customer requirements and accommodate incremental volumes.

• Long-term manufacturing infrastructure: The planned greenfield facility will create a scalable platform to support future growth and expanding customer opportunities.

This two-stage approach allows the company to respond to immediate demand while continuing to invest in its long-term manufacturing capabilities.

Through these initiatives, Raymond Limited aims to build a scalable, capital-efficient manufacturing platform and strengthen its ability to serve domestic and international markets.