Asian Paints would expand the manufacturing capacity of its two units based at Sriperumbudur in Tamil Nadu and Ankaleshwar in Gujarat.
“The company is proposing to increase its water-based paint manufacturing capacity at its plant situated at Sriperumbudur, Tamil Nadu from 1,40,000 KL per annum to 2,00,000 KL per annum,” Asian Paints informed BSE today.
Besides, the company is also proposing to alter product mix to augment the manufacturing capacity of synthetic resins and emulsions at its manufacturing facilities at Ankaleshwar, Gujarat by 35,000 MT.
However, both would be subject to necessary approvals, the company added.
The company did not share any details of capital expenditure on both the units.
“The details of the capital expenditure for the aforementioned expansion would be intimated on receipt of necessary approvals from the regulatory authorities,” said Asian Paints.