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| Exchange Disseminated Time 21/06/2016 13:03:24 | With reference to the earlier letter dated March 10, 2015 wherein the Company had informed about its proposal of setting up a paints manufacturing plant in Vishakhapatnam District, Andhra Pradesh.
Asian Paints Ltd has now informed BSE that the Company has re-looked at its product portfolio to be manufactured at this proposed manufacturing plant and has decided to revise its plans of setting up of the plant with a maximum capacity of 5,00,000 kiloliters per annum, to be put up in phases. The approximate amount that would be invested by the Company in phases over a period of 12 years from the date of commencement of construction, including the cost of land, would be Rs. 1785 crores.
None of the Promoters, Directors, Key Managerial Personnel or their relatives are directly / indirectly interested in the aforesaid proposal. |
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