The Board of Directors of Kansai Nerolac Paints Ltd had earlier 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.
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.
Shares of KANSAI NEROLAC PAINTS LTD. was last trading in BSE at Rs.542 as compared to the previous close of Rs. 551.3. The total number of shares traded during the day was 4297 in over 273 trades.
The stock hit an intraday high of Rs. 552.45 and intraday low of 536.55. The net turnover during the day was Rs. 2335892.