Business Update1 Jul 2024, 03:01 pm
Asian Paints Ltd. Increases Mysuru Plant Capacity to 6,00,000 KL Per Annum
AI Summary
Asian Paints Ltd. has increased the installed capacity of its Mysuru plant to 6,00,000 KL per annum from the initial 300,000 KL per annum. This move is to meet the medium-term capacity requirements of the company. The company has invested approximately Rs. 1,305 crores towards this increase, which has been funded through internal accruals. The necessary approval for the same has been received from the Karnataka State Pollution Control Board, Bengaluru.
Key Highlights
- Asian Paints Ltd. increases the installed capacity of its Mysuru plant to 6,00,000 KL per annum.
- The initial capacity of the plant was 300,000 KL per annum.
- The company has invested approximately Rs. 1,305 crores for this increase.
- The investment has been funded through internal accruals.
- The necessary approval for the increase has been received from the Karnataka State Pollution Control Board, Bengaluru.