Kamdhenu Ispat plans to invest Rs 150 crore in its paints division over the next three years.
The investment will raise the capacity of Kamdhenu’s paints division from its present 42,000 ltr a year to 78,000 ltr per year.
Kamdhenu Ispat, which is mainly into manufacturing of TMT bars and structural steels, forayed into the paints business by setting up a plant near its steel mill at Bhiwadi, in Rajasthan, in 2008. It produces decorative paint products and has 5,000 dealers and distributors and 31 sales depots.
Kamdhenu Ispat has also proposed further capacity expansion in its paints division beyond 2016-17.