Asian Paints rises on plan to double Rohtak plant capacity to 4 lakh KL

18 Aug 2015

Asian Paints is currently trading at Rs. 907.00, up by 6.95 points or 0.77% from its previous closing of Rs. 900.05 on the BSE.

The scrip opened at Rs. 903.00 and has touched a high and low of Rs. 915.00 and Rs. 903.00 respectively. So far 26492 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 924.65 on 05-Aug-2015 and a 52 week low of Rs. 603.00 on 25-Aug-2014.

Last one week high and low of the scrip stood at Rs. 915.00 and Rs. 862.50 respectively. The current market cap of the company is Rs. 87075.98 crore.

The promoters holding in the company stood at 52.79% while Institutions and Non-Institutions held 26.83% and 20.37% respectively.

India's largest paint maker Asian Paints is planning to increase its capacity by 20 % to 12 lakh kilo litres (KL) per annum, which will be mostly powered by a doubling of capacity at its Rohtak facility. The capacity of the Rohtak plant will be doubled to 4 lakh KL from the current 2 lakh KL. The expansion is expected to be completed by March 2016.

Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.

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