Asian Paints Ltd said that the original installed production capacity of the Khandala plant has been raised to 4,00,000 KL per annum in order to meet the medium-term capacity requirements of the company.

A press release said,"The plant was set up with an installed production capacity of 3,00,000 KL per annum (original installed production capacity)."

In terms of technicals, the relative strength index (RSI) of Asian Paints stands at 51.1, signaling it's trading neither in the overbought nor in the oversold zone.

The paint maker has spent Rs 385 crore (approx.) for raising the installed capacity, which has been funded through internal accruals. The company has received necessary approval from the Maharashtra Pollution Control Board, Mumbai.