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Asian Paints to invest Rs 4,000 crore at Visakhapatnam, Mysuru facilities

25 Jun 2018 Evaluate

Asian Paints is investing around Rs 4,000 crore at its Visakhapatnam and Mysuru facilities in the current fiscal year, with an aim to add 1.1 million kilo litre to its present output.

The company is setting up plant with a 5 lakh KL per annum capacity at Visakhapatnam and a 6 lakh KL plant at Mysuru, with an investment of Rs 1,785 crore and Rs 2,300 crore, respectively.

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.

Peers
Company Name CMP
Asian Paints 2345.00
Berger Paints India 471.75
Kansai Nerolac Paint 181.10
JSW Dulux 3003.70
Indigo Paints 1022.35
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