Asian Paints has announced an increase in the installed production capacity of its Khandala plant to 4,00,000 kiloliters (KL) per annum, up from the initial capacity of 3,00,000 KL per annum. This expansion aims to meet the medium-term capacity needs of the company. Key Highlights:
Asian Paints has incorporated a wholly owned subsidiary named, Asian Paints (Polymers) on 11 January 2023. The company has incorporated the new subsidiary for the purpose of setting up a manufacturing facility for Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) in India. The authorised share capital of the new subsidiary is Rs … Read more
Asian Paints announced that its Board of Directors have approved setting up of a new water-based paint manufacturing facility at an approximate investment of Rs 20 billion. The company is exploring the possibility of making the investment and setting up the manufacturing facility in Madhya Pradesh, subject to the grant of requisite incentives, other approvals … Read more
KBR announced that its proprietary Vinyl Acetate Monomer (VAM) technology has been selected by Asian Paints Limited for a grassroots production facility in India. Under the terms of the contract, KBR will provide technology licensing, basic engineering, proprietary equipment, and catalyst for a 100,000 tons per annum VAM facility. KBR’s VAM technology is offered in … Read more
Asian Paints Ltd., a paints and coatings manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit declined by 0.2% to Rs 8.5 billion for the period ended March 31, 2022 as against Rs 8.52 billion for the period ended March 31, 2021. Net … Read more
Asian Paints Ltd on Monday said it will invest Rs 9.6 billion ($127 million) to expand the manufacturing capacity of its facility situated at Ankleshwar in Gujarat. The company has signed a memorandum of understanding with the Government of Gujarat commencing the proposed expansion of manufacturing capacity of paint from 130,000 KL to 250,000 KL … Read more
Asian Paints Ltd., a paints and coatings manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 4.8% to Rs 595.96 crores ($79.7 million) for the period ended September 30, 2021 as against net profit of Rs 568.5 crores ($76 million) for … Read more
Asian Paints Ltd., a paints and coatings manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 33.3% to Rs 568.5 crores ($76.5 million) for the period ended June 30, 2021 as against net profit of Rs 852.13 crores ($114.6 million) for … Read more
Asian Paints Ltd. has announced growth in net profit for its fourth quarter and full-year ended 31 March 2020-21. The company’s net profit grew 84.5% to Rs 852.13 crore ($115.8 million) in fourth quarter 2020-21 compared to prior year quarter’s Rs 461.89 crore ($62.7 million). Revenue from operations grew 43.4% to Rs 6726.84 crore ($913.8 … Read more
Asian Paints Limited., an Indian paints and coatings manufacturer announced its results for the third quarter ended December 31, 2020. Q3 Results- QoQ The company’s net profit increased 49.1% to Rs 1238.34 crores for the period ended December 31, 2020 as against net profit of Rs 830.37 crores for the previous quarter. Net sales grew … Read more
Asian Paints Ltd., a leading paints and coatings manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 280.1% to Rs 830.37 crores for the period ended September 30, 2020 as against net profit of Rs 218.45 crores for the previous quarter. Net sales increased … Read more
Asian Paints Ltd., a paints and coatings manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit declined 53% to Rs 218.45 crores ($29.2 million) for the period ended June 30, 2020 as against net profit of Rs 461.89 crores ($61.7 million) for … Read more