Berger Paints to invest around Rs 500 crore for capacity expansion: Report

07 Sep 2016

In order to expand capacity and setting up new units over the next three years till FY20, Berger Paints India is reportedly planning to invest around Rs 500 crore. The company is expected to increase capacity by around 25% or by 10,000 tonne per month across both decorative and industrial paints.

Currently, the total capacity stands at around 32,000 tonnes per month for decorative paints and at 6,000 tonnes per month in the industrial paint category.

Besides, expansion will be carried out at Jejuri (Maharashtra) and Hindupur (Andhra) units. The total capacity addition across these two units will be around 6,000 tonnes per month. Berger will also set up a mixing unit at Gujarat at a cost of Rs 10 crore, while an emulsion unit (the basic raw material required for paint) will come up at Rishra (West Bengal) at an estimated cost of Rs 25 crore.

Berger Paints India is the second largest paint company in the country with a consistent track record of being one of the fastest growing paint company, quarter on quarter, for the past few years.

Related Berger Paints India Ltd. Links:

Berger Paints India Share Price

780.85 12.15 (1.58%) May 18, 18:01
1 Year Price Chart
Company Name CMP
Asian Paints 2821.35
Berger Paints India 780.85
Kansai Nerolac Paint 556.15
Akzo Nobel India 2224.95
Shalimar Paints 92.55
View more..
Sensex vs Berger Paints India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323