Berger Paints Scouting Land In Odisha For New Manufacturing Plant
Berger Paints Ltd is scouting for land in Odisha for a new manufacturing plant a top company official said. The company is also gearing up to operationalize the Rs 1,015 crore integrated fully-automated plant manufacturing plant near Lucknow soon. The 36-acre plant in Sandila Industrial Park in UP is expected to begin commercial production by the end of January or early February. The total installed capacity of this plant is 40,000 tonnes per month inclusive of decorative coating and industrial chemicals, the officials said. “We expect the UP Plant to become more operational by the end of January or early February. We are also scouting land in Odisha for a new plant there. We would ideally look for 40 acres. The UP plant capacity will help us meet the growing demand for the next 2-3 years, Berger Paints MD & CEO Abhijit Roy said on the sidelines of the UP Global Investors Summit roadshow in the city. The company has secured 30 acres of land at the Panagarh Industrial Park in West Bengal for manufacturing industrial resins, construction chemical resins and industrial product and Rs 175 crores has been embarked. It will be third plant for Berger after Shibpur in Howarh district and Rishra in Hoogly district. The Odisha plant will be initially be not as large as the UP facility but can be scaled up. The new Bengal plant construction will be taken up after the UP plant gets stabilized. The Bengal Greenfield Unit will focus more on the construction chemicals, Roy said. When asked about the revenue goals, Roy said the company will surpass Rs 10,000 crore topline by March and was projecting to double this milestone number over the next six years. In 2021-22 Berger had clocked a revenue of Rs 8,700 crore. He had stated that there is no plan for the any price hike in the next 1-2 months and margins were improving with the cooling of commodity inflation. It has taken several rounds of price hikes to offset the cost pressure. If a stable situation prevails the December quarter margins will be better than the previous one and the next will be better than now he stated.
Tags : Berger Paints Ltd land Odisha manufacturing company officials hike