Asian Paints doubles production capacity at Mysuru plant for Rs 1,3o5 crore investment
Asian Paints is investing heavily to expand production capacity at various plants. The company is doubling capacity at the Mysuru plant and increasing capacities at Ankleshwar, Kasna, and Khandala. Additionally, a new water-based manufacturing facility in Madhya Pradesh is underway. CRISIL Ratings forecasts a significant growth in the organized paints sector. Aditya Birla Group's new brand, Birla Opus, targets to secure the position of the second-largest player in the market.
ASIANPAINT
CRISIL
BIRLACORPN
Paints
Economy
Markets