Kamdhenu Group to invest Rs 200 cr to expand paint business

23 Aug 2021 CW Team

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

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..