By: ICN Bureau
Last updated : November 30, 2021 10:44 am
The expansion will incur a total investment of approximately Rs. 960 crore on plant and machinery at the current prevailing prices
Asian Paints has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to commence the proposed expansion of manufacturing capacity of Paints, Resins & Emulsions at its Ankleshwar plant in Gujarat.
The paints capacity will be increased from 130,000 KL to 250,000 KL and Resins & Emulsions from 32,000 MT to 85,000 MT. The expansion of the Ankleshwar plant will be completed in the next 2 - 3 years.
The expansion will incur a total investment of approximately Rs. 960 crore on plant and machinery at the current prevailing prices.
Asian Paints manufactures a wide range of paints for decorative and industrial use and also offers wall coverings, adhesives and services under its portfolio.