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Berger paints to invest Rs 2,000 crore in Bengal, Odisha

Manufacturing  -  Aug 13,2024  - 

Berger Paints will invest Rs 2,000 crore to set up two greenfield manufacturing plants in eastern India that is expected to boost the company’s installed capacity by an additional 25-30 per cent.

“Our upcoming greenfield project at Panagarh, Bengal, is progressing well. We are in the process of receiving all necessary approvals and the construction activity is about to start. We expect commissioning by end 2025,” said Berger Paints India chairman Kuldip Singh Dhingra at the company’s 100th AGM.

“We have been allotted about 80 acres by the Odisha Industrial Infrastructure Development Corporation in the district of Khurdha to set up a manufacturing unit for paints, intermediates and allied products. The company plans to put up a modern technology–based environmentally sustainable unit for manufacture of paints, coatings, construction chemicals, intermediates, including emulsions, resins and related products on the land,” the chairman said.

While the Bengal plant would involve a capital spend of around Rs 600 crore, the Odisha plant is estimated to have a capital spend of around Rs 1,400 crore and is expected to be commissioned by mid 2027.

“We have three factories in Bengal and we are heavily invested in the state. Panagarh will be an industrial and construction chemical-oriented plant. We have a decorative paints plant unit at Rishra in Bengal and we would shift the manufacturing operations from Howrah and move it to Panagarh,” said Abhijit Roy, MD and CEO, Berger Paints India.


 

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