Asian Paints has received approval for setting up a new water-based paint manufacturing facility with a capacity of 4 lakh kilolitres per annum at an approximate investment of Rs 2,000 crore. The manufacturing at the facility is expected to be commissioned in 3 years, after acquisition of land. The Board of Directors of the company at their meeting held on January 6, 2023 approved the same.
The company is exploring the possibility of making this investment and setting up the manufacturing facility in the state of Madhya Pradesh, subject to grant of requisite incentives by the Government of Madhya Pradesh and such other approvals and clearances, as may be required. The company would use latest manufacturing technology to produce paints and intermediates in the proposed manufacturing facility in an environment friendly manner.
Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.
Company Name | CMP |
---|---|
Asian Paints | 2279.00 |
Berger Paints India | 443.70 |
Kansai Nerolac Paint | 265.00 |
Akzo Nobel India | 3544.95 |
Indigo Paints | 1375.45 |
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