Asian Paints Ltd increases installed production capacity of Mysuru plant to 6,00,000 KL per annum

Asian Paints Ltd had set up a paint manufacturing plant at Mysuru, Karnataka ("Mysuru plant") with an ultimate production capacity of 6,00,000 KL per annum to be implemented in a phased manner with an initial production capacity of 300,000 KL per annum.

The existing capacity utilisation of the Mysuru plant is at around 78% of the installed production capacity of 300,000 KL per annum.

The installed capacity of the Mysuru plant has been increased to 6,00,000 KL per annum in order to meet the medium-term capacity requirements of the Company. An amount of Rs. 1,305 crores (approx.) has been invested by the Company towards the above increase in installed capacity and the same has been funded through internal accruals.

The intimation is being submitted today being the first working day after receipt of the necessary.

Shares of Asian Paints Limited was last trading in BSE at Rs. 2917.30 as compared to the previous close of Rs. 2882.15. The total number of shares traded during the day was 130767 in over 15717 trades.

The stock hit an intraday high of Rs. 2931.35 and intraday low of 2865.60. The net turnover during the day was Rs. 381278959.00.

Source : Equity Bulls

Keywords

AsianPaints INE021A01026 InstalledCapacity MysuruPlant Increased