Asian Paints plant in Andhra Pradesh to have higher capacity

Asian Paints plant in Andhra Pradesh to have higher capacity
22/06/2016 , by , in ALLIED

Asian Paints on Tuesday said it has revised plans for its manufacturing plant in Andhra Pradesh, which will now have higher capacity and a marginal increase in investment.

“The company has re-looked at its product portfolio to be manufactured at this proposed manufacturing plant and has decided to revise its plans of setting up of the plant with a maximum capacity of 5,00,000 kilolitres per annum, to be put up in phases,” Asian Paints said in a BSE filing.

“The approximate amount that would be invested by the company in phases over a period of 12 years from the date of commencement of construction, including the cost of land, would be Rs 1,785 crore,” it said.

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