WebJul 19, 2024 · The investment by Aditya Birla group in Gorakhpur is likely to provide employment to two thousand people. 19 July, 2024. OpIndia Staff. Uttar Pradesh welcomes an investment of Rs 700 crore by the Aditya Birla Group. 4665. As Uttar Pradesh Chief Minister Yogi Adityanath is rallying to make the state investment and business-friendly, … WebJul 23, 2024 · JSW Steel plans to invest around Rs 750 crore in JSW Paints in tranches over the next three years. “In the first tranche of the strategic investment, the company will invest around Rs 300 crore and subscribe to equity shares equivalent to approximately 6.88% of the issued and paid-up equity capital of JSW Paints during Q2 of FY 22,” JSW …
Paint stocks: Should Asian Paints and Berger fear Grasim’s entry?
WebMar 25, 2024 · Shares of top paint companies, Asian Paints Ltd and Berger Paints Ltd, have declined by 7% and 5%, respectively, since Grasim Industries Ltd announced its plan to foray into the sector in January. WebMar 15, 2024 · According to Macquarie’s calculation, Grasim’s Rs 10,000 crore paint capex will be divided as follows: Rs 300- 400 crore on working capital, Rs 300-400 crore on a tinting machine, and the rest ... bird with colorful tail
As Grasim doubles investment in paints, risks rise for incumbents
WebJan 25, 2024 · “The odds are better for Grasim as its capital commitment is much higher than the cumulative investment of all new entrants, it already reaches 35-40 per cent of the paints dealer network through distributors and stockists, and Birla White is a known brand to applicators (painters), for putty and white cement,” said brokerage firm Kotak Institutional … WebThe company recently has entered paints business and setting up six plants across pan India locations. ... Aditya Birla Group flagship Grasim announces foray into B2B e-commerce platform for Building Materials with an investment of approx. INR 2,000 Crore over the next 5 years; 2024. Grasim forays into paints business with Pan-India … WebAug 15, 2024 · Grasim Industries Ltd., a flagship company of the Aditya Birla Group celebrating 75 glorious years of its existence, has announced a Capex of Rs. 6,720 crore … dances with banthas