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S&P
BSE SENSEX
73,651.35
+655.04
+0.90 %
Corporate Announcement
Security Code
500165
Company
KANSAI NEROLAC PAINTS LTD.
Exchange Received Time
18/01/2018 12:54:16
Exchange Disseminated Time
18/01/2018 12:54:22
Time Taken
00:00:06
Updates |
1/18/2018 12:54:17 PM
Subject: Enhancement in the capacity of proposed manufacturing unit at Goindwal Sahib near Amritsar in Punjab
Reference is made to the intimation made to the Stock Exchange by our Company,vide our letter dated July 30, 2015, wherein we had informed the Stock Exchange that the Board of Directors of our Company had approved the setting up of a paint manufacturing unit at Goindwal Sahib near Amritsar in Punjab having capacity of 38000 MT per year, which is expandable in phases, at an estimated cost of Rs. 180.50 Crores.
We now inform you that looking at the condition of the site and change in design, the planned capacity of the proposed manufacturing unit at Goindwal Sahib near Amritsar in Punjab, has been revised to 52800 KL per year from 36000 KL (i.e. 38000 MT). The budgeted cost of the project has also increased from Rs. 180.50 Crores to Rs 216.50 Crores.
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