Business Update1 Mar 2024, 10:25 pm
Asian Paints Receives Letter Allotting Land for New Paint Manufacturing Facility
AI Summary
Asian Paints Limited has received a letter allotting 166 acres of land in Pithampur, Madhya Pradesh for setting up a new water-based paint manufacturing facility, subject to necessary approvals and clearances. The company will execute necessary agreements with MP Industrial Development Corporation Limited and will make necessary disclosures on any material developments.,
Key Highlights
- Asian Paints receives letter allotting land for new paint manufacturing facility
- Investment of Rs. 2,000 crores for the facility
- Location in Pithampur, Madhya Pradesh
- Subject to necessary approvals and clearances