LIVE MARKET TRACKER :   BSE SENSEX   31528.45      |    NSE NIFTY 9840.85    
GLOBAL MARKETS :  NASDAQ 6370.5898   -0.8765%    |    FSI London 7286.46   -0.20%    |    NIKKEI Japan 20330.19   -0.33%
  USD GBP EUR CAD AUD INR
USD - 0.7410 0.8458 1.2381 1.2621 65.3500
GBP 1.3501 - 1.1413 1.6710 1.7033 88.2088
EUR 1.1829 0.8764 - 1.4645 1.4927 77.3006
CAD 0.8078 0.5989 0.6833 - 1.0199 52.7980
AUD 0.7925 0.5873 0.6702 0.9812 - 51.7900
INR 0.0153 0.0113 0.0130 0.0190 0.0194 -
Indian-Commodity  :  Corporate  :  Berger Paints to invest around Rs 500 crore for capacity expansion: Report

Berger Paints to invest around Rs 500 crore for capacity expansion: Report (07-Sep-2016)

In order to expand capacity and setting up new units over the next three years till FY20, Berger Paints India is reportedly planning to invest around Rs 500 crore. The company is expected to increase capacity by around 25% or by 10,000 tonne per month across both decorative and industrial paints.

Currently, the total capacity stands at around 32,000 tonnes per month for decorative paints and at 6,000 tonnes per month in the industrial paint category.

Besides, expansion will be carried out at Jejuri (Maharashtra) and Hindupur (Andhra) units. The total capacity addition across these two units will be around 6,000 tonnes per month. Berger will also set up a mixing unit at Gujarat at a cost of Rs 10 crore, while an emulsion unit (the basic raw material required for paint) will come up at Rishra (West Bengal) at an estimated cost of Rs 25 crore.

Berger Paints India is the second largest paint company in the country with a consistent track record of being one of the fastest growing paint company, quarter on quarter, for the past few years.


Top News Today
Maruti Suzuki's - WagonR scales unique feat of cumulative two-million sales
(26-Sep-2017)

Maruti SuzukiMaruti Suzuki's popular car, WagonR has scaled the unique feat of two-million sales in cumulative wholesales. Launched in 1999, WagonR continues to feature among the top five best selling cars in the country......click on news to read complete article.

SEBI imposes Rs 4 lakh penalty on Swagruha Infrastructure
(26-Sep-2017)

SEBI imposes Rs 4 lakh penalty on Swagruha InfrastructureMarkets regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 4 lakh on Swagruha Infrastructure (SIL) for failing to make requisite disclosures for 11 straight years.As per......click on news to read complete article.

Godrej Properties raises Rs 500 crore on private placement basis
(26-Sep-2017)

Godrej Properties raises Rs 500 crore on private placement basisGodrej Properties has raised Rs 500 crore on private placement basis. The Committee of Directors at the meeting held on September 25, 2017 had issued and allotted Unsecured Non-Convertible Debentures (NCDs)......click on news to read complete article.

International Stock News
US markets closed lower on North Korea's threat
(26-Sep-2017)

US markets closed lower on North KoreaThe US markets closed lower on Monday, on the back of a fresh flare up in tensions between the US and North Korea and a sharp decline in technology shares. North Korean foreign minister Ri Yong Ho, speaking......click on news to read complete article.

Asian markets trade mostly lower in early deals on Monday
(25-Sep-2017)

Asian markets trade mostly lower in early deals on MondayMost of the Asian equity benchmarks are trading down in the early deals on Monday, following the lackluster cues from Wall Street and concerns about China's economy. Investors digested election results......click on news to read complete article.

US markets end flat on geopolitical concerns
(23-Sep-2017)

US markets end flat on geopolitical concernsThe US markets ended the lackluster session near their neutral lines on Friday on geopolitical concerns amid an escalating war of words between North Korean leader Kim Jong Un and President Donald Trump.......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.