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Kamdhenu Group to invest Rs 200 crore for expanding paints business

23 Aug 2021 Evaluate

Kamdhenu Group is planning to invest Rs 200 crore for expanding its paints business. The group also aims to garner a revenue of Rs 1,000 crore from the paints segment over the next five years. The move will be taken after the demerger of the paints division into a separate entity. The demerger is expected to be completed by November-December this year.

Kamdhenu is the largest manufacturer of international quality Steel Bars in India. The product range of the company includes TMT/HSD Bars, Structural Steel, Wirebond, Plywood, PVC Pipes, etc. The company also in the business segment of power, steels, paints.

Peers
Company Name CMP
JSW Steel 1273.25
Tata Steel 187.40
Steel Authority 177.25
Jindal Stainless 736.20
APL Apollo Tubes 2194.00
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