Kamdhenu Ispat is in talks with private equity (PE) firms to raise Rs 50 crore for expanding capacity of its paints manufacturing plant in state of Rajasthan and to produce raw material for its paints division. The company expects to close the deal in 3-4 months from now.
Kamdhenu Ispat, which is mainly into manufacturing and marketing of TMT bars and structural steels for use in the construction sector, had forayed into paints business in 2008 by setting up a plant near its steel mill at Bhiwadi in Rajasthan.
The company offers a complete range of decorative paint products under ‘Colour Dreamz’ brand. It has a network of 5,000 dealers and distributors operating across the country. It has also got 31 sales depots to facilitate timely delivery to customers.
