+
Asian Paints to pump Rs 960 cr to expand Ankleshwar facility
Paint

Asian Paints to pump Rs 960 cr to expand Ankleshwar facility

Asian Paints Limited will pump in Rs 960 crore to increase the production capacity of its plant located at Ankleshwar in Gujarat.

In a regulatory filing, the firm said that it has inked a memorandum of understanding with the Gujarat government starting the planned expansion of the production capacity of paint from 1.3 lakh KL to 2.5 lakh KL and resins and emulsions from 32,000 MT to 85,000 MT.

The construction is to be achieved in the coming 2-3 years at an overall investment of Rs 960 crore approximately on plant and machinery at the current prevailing rates, it added.

This development will be conducted on the existing land held by the firm.

Shares of the firm were trading up by 0.19% at Rs 3,150 on BSE.

Asian Paints Limited is an Indian multinational paint firm, having its headquarters in Mumbai. The firm is involved in the business of production, selling and distribution of paints, coatings, products related to home decor, bath fittings and rendering related services.

Image Source

Also read: Asian Paints Q1 FY22 profit doubles to Rs 574.30 crore

Asian Paints Limited will pump in Rs 960 crore to increase the production capacity of its plant located at Ankleshwar in Gujarat. In a regulatory filing, the firm said that it has inked a memorandum of understanding with the Gujarat government starting the planned expansion of the production capacity of paint from 1.3 lakh KL to 2.5 lakh KL and resins and emulsions from 32,000 MT to 85,000 MT. The construction is to be achieved in the coming 2-3 years at an overall investment of Rs 960 crore approximately on plant and machinery at the current prevailing rates, it added. This development will be conducted on the existing land held by the firm. Shares of the firm were trading up by 0.19% at Rs 3,150 on BSE. Asian Paints Limited is an Indian multinational paint firm, having its headquarters in Mumbai. The firm is involved in the business of production, selling and distribution of paints, coatings, products related to home decor, bath fittings and rendering related services. Image Source Also read: Asian Paints Q1 FY22 profit doubles to Rs 574.30 crore

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Perkins Begins Production of 5016 Power Generation Engine

Perkins has commenced production of its new 5016 full-authority electronic engine, completing its 5000 Series range of 6-, 8-, 12- and 16-cylinder engines. Manufactured in Stafford, UK, and Aurangabad, India, the range delivers up to 2,500 kVA of standby power and 2,250 kVA of prime power.The 61-litre V16 engine delivers 1,400–2,500 kVA at 50 Hz for base load, prime and standby applications. Designed for power generation, it supports critical infrastructure, including data centres, hospitals, airports and remote worksites.Engineered to meet ISO G3 and NFPA110 standards, the 5016 incorporates..

Next Story
Real Estate

JAPAN BUILD Tokyo 2026 Expects 35,000 Visitors

RX Japan GK will organise the 11th edition of JAPAN BUILD Tokyo at Tokyo Big Sight from 2–4 December 2026, with approximately 35,000 visitors expected from the building, construction and real estate sectors.The exhibition will bring together manufacturers, developers, contractors, architects, distributors and property owners. According to the organiser, 51.2 per cent of visitors hold managerial positions or above, providing exhibitors with opportunities to engage with procurement decision-makers. The previous edition attracted 33,618 visitors and 548 exhibitors.JAPAN BUILD Tokyo will feature..

Next Story
Infrastructure Urban

Magma Signs LOIs Worth Over Rs 8 Bn Across Industrial Businesses

Magma has signed Letters of Intent (LOIs) worth more than Rs 8 bn across its advanced materials, waste management, precision engineering and digital industrial solutions businesses.The company expects to execute around 70 per cent of the current LOI pipeline during FY27, providing visibility for the remainder of the financial year. The pipeline reflects rising demand from enterprise manufacturers and deeper engagement across Magma’s customer relationships.India’s industrial B2B trade is estimated at around USD 2 trillion. In precision engineering, imports account for 60-65 per cent of high..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code