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    HomeNewsBusinessMoneycontrol ResearchAsian Paints | Capex plan in the spotlight amid impressive Q2 earnings

    Asian Paints | Capex plan in the spotlight amid impressive Q2 earnings

    Though the company’s volume and earnings trajectory are on track, increased competition can be a risk to profitability

    Sachin Pal
    Neha Gupta
    October 21, 2022 / 11:31 IST
    Asian Paints: Asian Paints to set up manufacturing facility for vinyl acetate ethylene emulsion, vinyl acetate monomer in India. The company has approved the setting up of manufacturing facility for vinyl acetate ethylene emulsion (VAE) and vinyl acetate monomer (VAM) in India. An amount of approximately Rs 2,100 crore will be invested by the company over a period of 3 years, including the cost of land to be acquired. The installed capacity of the said manufacturing facility would be 1 lakh tons per annum for VAM and 1.5 lakh tons per annum for VAE. VAM is a key input for manufacturing VAE.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More