Asian Paints gains on commissioning new equipment at Rohtak’s Plant, Haryana

24 Apr 2012 Evaluate

Asian Paints is currently trading at Rs. 3466.00, up by 6.90 points or 0.20% from its previous closing of Rs. 3459.10 on the BSE.

The scrip opened at Rs. 3455.00 and has touched a high and low of Rs. 3498.95 and Rs. 3448.05 respectively. So far 8937 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3498.95 on 24-Apr-2012 and a 52 week low of Rs. 2551.05 on 28-Dec-2011.

Last one week high and low of the scrip stood at Rs. 3498.95 and Rs. 3290.00 respectively. The current market cap of the company is Rs. 33207.43 crore.

The promoters holding in the company stood at 52.79% while Institutions and Non-Institutions held 26.71% and 20.50% respectively.   Asian Paints has commissioned new equipment at Rohtak’s Plant in Haryana, in order to enhance the capacity from 150000 KL per annum to 200,000 KL per annum. The production at the Company's Plant at Rohtak, Haryana was restarted on March 16, 2012.

The company planned a shutdown of its plant at Rohtak, Haryana from February 16, 2012 to March 15, 2012 in order that certain activities connected with the expansion of the plant can be carried out. During the shutdown, new equipment was to be commissioned and integrated with the existing systems.

Asian Paints is India’s largest paint company and Asia’s third largest paint company with an annual turnover of Rs 5,463 crore. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans. Asian Paints operates in 5 regions across the world viz. South Asia, South East Asia, South Pacific, Middle East and Caribbean region through the five corporate brands viz. Asian Paints, Berger International, SCIB Paints, Apco Coatings and Taubmans.

Asian Paints Share Price

2283.05 -9.85 (-0.43%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2283.05
Berger Paints India 444.80
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