Kamdhenu Group to invest Rs 200 cr to expand paint business
Paint

Kamdhenu Group to invest Rs 200 cr to expand paint business

The company's Chairman and Managing Director (CMD), Satish Kumar Agarwal, said that the Kamdhenu Group, the Buildings material maker, plans to invest Rs 200 crore in expanding its paint business.

He told the media that the group's objective is to collect a revenue of Rs 1,000 crore from the paints segment in the next five years.

He said that the action would be taken after the demerger of the paints division into a separate entity, and the demerger is predicted to be completed by November-December this year.

Agarwal told the media that they are waiting for the approvals. He thinks the paints business demerger will be completed by November-December and that they plan to invest up to Rs 200 crore to expand it further after that.

The manufacturing plant of Kamdhenu paints is at Chopanki in Rajasthan. It makes stainers, designer paints, waterproofing chemicals, interior and exterior emulsions, colourants, construction chemicals and other water-based speciality products.

Additionally, it outsources medium and low range products such as enamel, distempers and putty from manufacturing units in Uttar Pradesh, Punjab, Rajasthan and Haryana.

The sales of the company were in the range of Rs 200 crore to Rs 225 crore during the last financial year.

Apart from paints, the Kamdhenu Group based in Gurugram also has a presence in making steel.

Satish Kumar Agarwal told the media that the product received a good response from the market, speaking further on Kamdhenu NXT, a TMT brand launched in 2018.

The company has several manufacturing plants across the country under the franchisee model.

Image Source


Also read: JSW Paints to set up a new plant, eyes pan-India footprint

Also read: Kamdhenu plans Rs 1,000 cr revenue from paint segment in next 5 years

The company's Chairman and Managing Director (CMD), Satish Kumar Agarwal, said that the Kamdhenu Group, the Buildings material maker, plans to invest Rs 200 crore in expanding its paint business. He told the media that the group's objective is to collect a revenue of Rs 1,000 crore from the paints segment in the next five years. He said that the action would be taken after the demerger of the paints division into a separate entity, and the demerger is predicted to be completed by November-December this year. Agarwal told the media that they are waiting for the approvals. He thinks the paints business demerger will be completed by November-December and that they plan to invest up to Rs 200 crore to expand it further after that. The manufacturing plant of Kamdhenu paints is at Chopanki in Rajasthan. It makes stainers, designer paints, waterproofing chemicals, interior and exterior emulsions, colourants, construction chemicals and other water-based speciality products. Additionally, it outsources medium and low range products such as enamel, distempers and putty from manufacturing units in Uttar Pradesh, Punjab, Rajasthan and Haryana. The sales of the company were in the range of Rs 200 crore to Rs 225 crore during the last financial year. Apart from paints, the Kamdhenu Group based in Gurugram also has a presence in making steel. Satish Kumar Agarwal told the media that the product received a good response from the market, speaking further on Kamdhenu NXT, a TMT brand launched in 2018. The company has several manufacturing plants across the country under the franchisee model. Image Source Also read: JSW Paints to set up a new plant, eyes pan-India footprint Also read: Kamdhenu plans Rs 1,000 cr revenue from paint segment in next 5 years

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?