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Berger Paints planning to invest Rs 280 crore for expansion

06 Aug 2018 Evaluate

Berger Paints India is planning to invest Rs 280 crore till 2021, in order to enhance capacities in Uttar Pradesh and Maharashtra.

The company would spend Rs 200 crore to soon commence water and solvent-based decorative, industrial and protective coating, resins, emulsion and construction chemical manufacturing facility at Sandila, Uttar Pradesh, while Rs 80 crore would be spent for the second-phase expansion at Jejuri near Pune for automotive, industrial and protective coatings.

Berger Paints India is the second largest paint company in India. It is present in all segments of paint including decorative, automotive, industrial, protective and powder coatings.

Peers
Company Name CMP
Asian Paints 2444.40
Berger Paints India 452.60
Kansai Nerolac Paint 181.25
JSW Dulux 3136.45
Indigo Paints 1138.15
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