Paint manufacturer Kansai Nerolac on Saturday announced plans
for setting up a manufacturing unit in Gujarat at an estimated cost of Rs.350 crore.
According to the company its board of directors at a meeting held on May 8, 2015, approved the setting up of a paint manufacturing unit at Sayakha Industrial Estate in Gujarat.
"The board of directors has approved setting up of a paint manufacturing unit in Gujarat having capacity of 42,000 metric tonnes per year, which is expandable in phases," the company informed the Bombay Stock Exchange (BSE) in a regulatory filing.
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