JSW Paints, a subsidiary of the JSW Group, is exploring land parcel in North and Central India (i.e. Uttar Pradesh, Haryana, and Madhya Pradesh) to construct its third plant, with a capex of Rs 750-1,000 crore.
The company expects to grow production capacity by 200,000 kilo litres per year.
The proposed plant will manufacture both decorative and industrial paints.
The funds for the project will primarily come from internal resources, but other options are also available.