Kansai Nerolac Paints has informed that the Board, at its Meeting held on January 31, 2017, has approved setting up of a paint manufacturing unit at Achutapuram, Visakhapatnam District in Andhra Pradesh having capacity of 60,000 KL per year, which is expandable in phases, at an estimated cost of Rs 304 Crores.
The above information is a part of company’s filings submitted to BSE.