Asian Paints signs MoU to set up Rs 735 crore plant

01 Jun 2010

Paint-maker Asian Paints has signed a Memorandum of Understanding (MoU) with the Maharashtra government to set up a Rs 735 crore mega project for manufacturing paints and intermediates. The project will be implemented within five years.


The plant will have an annual production capacity of 4 lakh tonnes and will be located at Kesurdi, in Khandala Taluka, falling under Satara district. The MoU was signed by Principal Secretary (Industries) Azeez Khan and Asian Paints Chief Executive Officer and Managing Director P M Murty in the presence of Chavan and Industries Minister Sunil Tatkare.


The project will use the latest techniques in production, packing, conveying and storage in an environmentally friendly manner, with zero discharge of effluents.

Related Asian Paints Ltd. Links:

Asian Paints Share Price

2402.25 11.40 (0.48%) Mar 03, 18:59
1 Year Price Chart
Company Name CMP
Asian Paints 2402.25
Berger Paints India 730.45
Kansai Nerolac Paint 586.00
Akzo Nobel India 2236.30
Shalimar Paints 94.75
View more..
Sensex vs Asian Paints
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323