Asian Paints (Polymers) Private Limited (APPPL), a wholly-owned subsidiary of Asian Paints Limited would be setting up a manufacturing facility for Vinyl Acetate Ethylene Emulsion (VAE) & Vinyl Acetate Monomer (VAM) and Ethylene storage & handling facility in Dahej, Gujarat.

The total approximate cost of setting up the said facilities was expected to be Rs. 2,560 crores. It is now informed that the Board of Directors at its meeting on 27th March 2025, approved an additional capex cost of Rs. 690 crore on account of pre – operative expenses and certain escalations in project costs.

The aggregate project cost now stands at Rs. 3,250 crore. The cost of the project would be funded through a combination of equity funding by the company in APPPL and external debt financing.