Asian Paints signed a Memorandum of Understanding (MoU) with the Government of Gujarat, commencing the proposed expansion of producing capability of paint from 130,000 KL to 250,000 KL and resins and emulsions from 32000 MT to 85000MT to be completed over a duration of the following 2 -three years at a total investment of Rs. 960 crore (approx.) on plant and machinery on the contemporary triumphing prices. This expansion can be completed on the present land owned via the Company.
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