27 Jan 22 | 16:00
ASIAN PAINTS LTD.
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Intimation Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 |
11/29/2021 11:52:58 AM
This is with reference to our letter nos. APL/SEC/08/375 dated 23rd January, 2017 and APL/SEC/08/2017 - 18/15 dated 25th July, 2017, wherein the Company had, inter alia, informed
you about its proposal to expand the existing manufacturing capacity of the Company's manufacturing facility situated at Ankleshwar, Gujarat.
We inform you that the Company has today signed a Memorandum of Understanding with the Government of Gujarat, commencing the proposed expansion of manufacturing capacity of paint from 130,000 KL to 250,000 KL and resins and emulsions from 32000 MT to 85000MT to be completed over a period of the next 2 -3 years at a total investment of Rs. 960 crores (approx.) on plant and machinery at the current prevailing prices. This expansion will be carried out on the existing land owned by the Company.
This is for your information and record.
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27 Jan 22|22:21 (IST)