Rs 2,000 crore investment planned by Asian Paints
Multinational paint company, Asian Paints has plans to set up a new water-based paint manufacturing facility with an annual capacity of 4 lakh kilolitres. The approximate investment of the project is Rs 2,000 crore.
This investment for the project will be over and above the Rs 6,750-crore CAPEX announced in Q2FY23. With the new announcement, the firm's capacity could now go up to 26.7 lakhs KL.
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