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ASIAN PAINTS LTD. - Updates
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23 Jan 2017
With reference to the earlier letter dated August 05, 2016 wherein the Company had informed of its proposal of altering its product mix to augment the capacity of synthetic resins and emulsions at its manufacturing facilities at Ankaleshwar, Gujarat, by 35000 MT (approx.), subject to necessary approvals, Asian Paints Ltd has now informed BSE that to meet the future demand conditions, it is now proposed to -&lt;BR&gt;&lt;BR&gt;(i) expand the existing paint manufacturing capacity from 130,000 KL to 300,000 KL per annum&lt;BR&gt;&lt;BR&gt;(ii) augment the manufacturing capacity of synthetic resins and emulsions from existing 32000 MT to 85000 MT (approx.).&lt;BR&gt;&lt;BR&gt;The aforesaid expansion and augmentation would involve phasing out the current Phthalic Anhydride and its allied products manufactured at this facility.&lt;BR&gt;&lt;BR&gt;The aforesaid capacity expansion and augmentation would be completed over the next 3 to 4 years, depending on the demand conditions and subject to necessary statutory and other approvals.&lt;BR&gt;&lt;BR&gt;Further, it would involve an approximate investment of Rs. 650 crores which would be met through internal accruals.&lt;BR&gt;&lt;BR&gt;None of the Promoters, Directors, Key Managerial Personnel or their relatives are directly / indirectly interested in the aforesaid proposal.
View all announcements for ASIAN PAINTS LTD. Source: BSE India

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