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The latest announcement is out from Asian Paints Ltd. ( (IN:ASIANPAINT) ).
Asian Paints Ltd. has announced an increase in the capital expenditure for its wholly-owned subsidiary, Asian Paints (Polymers) Private Limited, which is setting up a manufacturing facility for Vinyl Acetate Ethylene Emulsion and Vinyl Acetate Monomer in Dahej, Gujarat. The Board of Directors approved an additional Rs. 690 crores to cover pre-operative expenses and project cost escalations, bringing the total project cost to Rs. 3,250 crores. This investment will be funded through a mix of equity and external debt, reflecting the company’s commitment to expanding its manufacturing capabilities and reinforcing its market position.
More about Asian Paints Ltd.
Asian Paints Ltd. operates in the coatings industry, primarily focusing on the production and sale of paints and coatings. It is a leading player in the Indian market, providing a wide range of decorative and industrial paints.
YTD Price Performance: 0.93%
Average Trading Volume: 74,671
Current Market Cap: 2235.3B INR
For detailed information about ASIANPAINT stock, go to TipRanks’ Stock Analysis page.