Kansai Nerolac Paints (NSE:KANSAINER, BOM:500165) has received approval from its board to increase the capacity of auto paints at its Sayakha plant in India by 4,200 KL/annum, according to a Wednesday filing to the Indian stock exchanges.
The company has earmarked an investment of 410 million Indian rupees to add to its existing capacity of 11,940 KL/annum. The capacity utilization at its existing plant is currently at 84%.
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