Berger Paints will invest INR 2,000 crore to establish two greenfield manufacturing plants in eastern India, which are expected to increase the company’s installed capacity by an additional 25-30 percent.
“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 Kuldip Singh Dhingra, Berger Paints India chairman 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,”said Dhingra.
While the Bengal plant would involve a capital spend of around INR 600 crore, the Odisha plant is estimated to have a capital spend of around INR 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. “The Odisha plant would be a fully integrated one,” he said.
“Almost 25-30 per cent additional capacity will be built up because of the two plants,” Roy said. According to the annual report, the production capacity of the company was around 1.5 million kilo litres in FY24. Roy also said that the company is eyeing a topline of ₹20,000 crore by 2029.
“It took us almost 100 years to touch INR 10,000 crore and the another INR10,000 is expected in the next 6 years,” Roy said. (Source: The Telegraph)
