SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Asian Paints informs about outcome of board meeting

07 Jan 2023 Evaluate

Asian Paints has informed that the Board of Directors of the Company at their meeting held on 6th January, 2023 have accorded their approval for setting up a new water-based paint manufacturing facility with a capacity of 4 lakhs kilolitres per annum at an approximate investment of Rs 2,000 crores. The manufacturing at the facility is expected to be commissioned in 3 years, after acquisition of land. The Company is exploring the possibility of making this investment and setting up the manufacturing facility in the state of Madhya Pradesh, subject to grant of requisite incentives by the Government of Madhya Pradesh and such other approvals and clearances, as may be required. The Company would use latest manufacturing technology to produce paints and intermediates in the proposed manufacturing facility in an environment friendly manner. The Company will make necessary disclosures on material developments in this regard.

The above information is a part of company’s filings submitted to BSE.

Asian Paints Share Price

2463.40 23.05 (0.94%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2463.40
Berger Paints India 468.80
Kansai Nerolac Paint 203.05
JSW Dulux 2930.65
Indigo Paints 839.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×