Asian Paints Ltd.

BSE: 500820 | NSE: ASIANPAINT
Large Cap | Paints
2756.90
-58.45 (-2.08%)
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Asian Paints shines on commencing commercial production at new plant

Date: 20-02-2013

Asian Paints is currently trading at Rs 4560.00, up by 15.45 points or 0.34% from its previous closing of Rs 4544.55 on the BSE.

The scrip opened at Rs 4571.85 and has touched a high and low of Rs 4599.00 and Rs 4524.05 respectively. So far 4192 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 4670.00 on 05-Feb-2013 and a 52 week low of Rs 3004.00 on 29-Mar-2012.

Last one week high and low of the scrip stood at Rs 4599.00 and Rs 4436.75 respectively. The current market cap of the company is Rs 43739.42 crore.

The promoters holding in the company stood at 52.79% while Institutions and Non-Institutions held 27.19% and 20.02% respectively.

Asian Paints has commenced commercial production at its new paint plant at MIDC, Khandala Industrial Area, Taluka Khandala, Satara, in the state of Maharashtra from February 20, 2013. The plant has been established with an initial installed capacity of 300,000 KL per annum with state-of-the-art facility.

Asian Paints is India’s largest paint company and Asia’s third largest paint company with an annual turnover of Rs 5,463 crore. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.