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Fortune Group to infuse Rs 75 cr in Telangana

Thursday, 24 Mar 2022
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Fortune Group is planning to make an investment of around Rs 75 crore for Phase-II expansion of its paint manufacturing capacity. 
 
The company is now manufacturing luxury finishes at its plant near Patencheru. It was set up in collaboration with Italian company Rialto. Currently, it has a capacity to manufacture one lakh tonne of paint. 
 
The expansion will double the capacity of paint manufacturing. The project is expected to be taken up in 2023. Phase-I of the unit has also seen an investment of Rs 75 crore. 
 
The current capacity utilisation is about 70 per cent and is expected to touch 100 percent in a year. The unit now employs about 150 people and will add another 100 people in Phase-II. 
 
Techno Paints is expanding its operations across India with plans to open experience centres in major cities. It is a bulk supplier to the luxury and high-end real estate and industrial segments.
 
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