# Grasim doubles capex for paint business to ₹10,000 crore

Grasim Industries doubled its capital expenditure for entering the paint business to ₹10,000 crore (approx. USD 1.3 billion). Production is expected to start in Q4 FY2023-24 (January-March 2024).

- Type: Investment
- Announced: 2022-05-24
- Where: India (multiple sites: Panipat, Ludhiana, Chamarajanagar), India
- Value: $1.30B (100.0B INR)
- Starts operating: Q1 2024
- Status: under construction
- Capacity: 133.2 crore liters per annum
- Products: decorative paints
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Grasim Industries](https://endata.com/companies/9784.md)

## Sources

- [navbharattimes.indiatimes.com](https://navbharattimes.indiatimes.com/business/business-news/grasim-doubles-capital-expenditure-for-paint-business-to-rs-10000-cr/articleshow/91770991.cms), 2022-05-24: "पेंट कारोबार खड़ा करने पर वर्ष 2024-25 तक करीब 10,000 करोड़ रुपये की लागत आने का अनुमान है।"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.