Asian Paints is proposing to increase its water based paint manufacturing capacity at its plant situated at Sriperumbudur, Tamil Nadu from 1,40,000 KL per annum to 2,00,000 KL per annum, subject to necessary approvals.
Further, the Company is also proposing to alter its product mix to augment the manufacturing capacity of synthetic resins and emulsions at its manufacturing facilities at Ankaleshwar, Gujarat, by approximate 35000 MT, subject to necessary approvals.
The details of the capital expenditure for the aforementioned expansion would be intimated on receipt of necessary approvals from the regulatory authorities. None of the Promoters, Directors, Key Managerial Personnel or their relatives are directly / indirectly interested in the aforesaid proposal.
Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.