Hon'ble CM Yogi Adityanath inaugurates Berger Paints manufacturing unit in Sandila

The largest manufacturing unit of Berger Paints India Limited, at Sandila, Hardoi, Uttar Pradesh, which had commenced commercial production on 6th February, 2023, was formally inaugurated today by the Hon'ble Chief Minister of Uttar Pradesh Shri Yogi Adityanath in the presence of Shri Nand Gopal Gupta Nandi, Minister of Industrial Development, Export Promotion, NRI & Investment Promotion, Govt. of Uttar Pradesh, Shri Durga Shankar Mishra, Chief Secretary, Govt. of Uttar Pradesh and Shri Mayur Maheshwari, CEO, UPSIDA along with the senior management of Berger Paints.

In its hundredth year of operations in India, Berger Paints invested over Rs.1000 crore in the investment-friendly state of Uttar Pradesh, to set up its most modern and completely automated paint manufacturing unit. The new plant has a total installed capacity of 33,000 KL/MT per month consisting of 15,000 KUMT of water-based paint per month and 4,800 KL/MT of solvent-based paint per month apart from Construction Chemicals and Putty. The plant will facilitate manufacturing of a diverse range of products which in turn is expected to enhance the profit margins in the upcoming quarter for the company. Strategically located and spread across a massive area of 37 acres, the factory has immediately created hundreds of direct and indirect employment opportunities in the state.

The impact of the manufacturing unit in the industrial area of Sandila has been manifold. The area is witnessing huge growth - right from building roads, starting transport services to availability of essential services. Berger Paints has consistently participated and invested in education, health, and other initiatives in and around its various manufacturing locations to improve the quality of life of the local community.

While building the massive manufacturing unit, Berger Paints ensured the safety of its team which worked in shifts so that the factory could get completed in the given timeline. In addition to the challenges thrown up by the Corona virus, the team also encountered other obstacles while building the unit. From soft soil conditions to extended monsoons, the team strategically combatted every hurdle to successfully complete the plant. The company acknowledges and appreciates the support and co-operation of the State Government and UPSIDA which made it possible to complete the plant within the given schedule even while the pandemic was raging in the country. Berger has been true to its commitment of championing the cause of safety. The organization tied up with the Government of Uttar Pradesh and conducted mass vaccination drives, both inside and outside the factory. One of the significant features of the Sandila unit is the installed solar panels which can power the entire factory on days when weather conditions are ideal.

Mr. Abhijit Roy, Managing Director and CEO of Berger Paints Ltd. said, "It gives me immense pride to announce the launch of Berger Paints' largest manufacturing unit in India, located in Sandila, Uttar Pradesh. It took us more than 61 lac manhours to complete the massive unit. While producing a vast range of products, the plant happens to be a zero-liquid-discharge plant and can be run entirely on solar power. While the team faced a lot of obstacles, starting from the Covid waves to the extended monsoons, however that didn't deter the team's spirits. Given the situation back then, we ensured that we provided a safe environment to all our on-site workers and tied up with the Government of Uttar Pradesh to conduct mass vaccination drives for the locals of UP. As an organization, we have always believed in supporting diversity and equal opportunity in employment and this factory stands as testimony to the same. Therefore, the colourant and stainer sections of the factory are managed and operated solely by women. With the launch of this factory, we aim to employ the youth of UP at large and give a boost to the economy of the state."

Shares of Berger Paints (I) Limited was last trading in BSE at Rs. 580.60 as compared to the previous close of Rs. 582.50. The total number of shares traded during the day was 20494 in over 1315 trades.

The stock hit an intraday high of Rs. 588.15 and intraday low of 576.85. The net turnover during the day was Rs. 11913964.00.

Source : Equity Bulls

Keywords

BergerPaints INE463A01038 Sandila Hardoi UttarPradesh CommercialProduction CM Inauguration