In Andhra Pradesh, CenturyPly invested Rs 956 crore. It plans to build a manufacturing facility in Kadapa’s Gopavaram area, near Badvel.
Y S Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, laid the foundation stone for the unit, which will be built in three parts.
In the districts of Kadapa, Nellore, and Prakasam, the company would encourage subabul and eucalyptus plantations. According to a government statement, “it will assist farmers in earning more revenue.”