Asian Paints Ltd.

Asian Paints has signed a Memorandum of Understanding (MoU) with the Government of Gujarat, commencing the proposed expansion of Ankleshwar, Gujarat manufacturing capacity of paint from 130,000 KL to 250,000 KL and resins and emulsions from 32000 MT to 85000MT to be completed over a period of the next 2 -3 years at a total investment of Rs 960 crore approximately on plant and machinery at the current prevailing prices. This expansion will be carried out on the existing land owned by the Company.

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.