The paint business is set to add one more tone in its range as JK Cement Ltd, a notable maker of dark concrete, has reported its introduction to the paint business.
The leading body of the organization, which met this evening, cleared the organization's proposition to enter the paint field. JK Cement will get into the paint business through a completely claimed auxiliary.
The board has likewise supported a speculation of Rs 600 crore into the paint adventure which will be injected more than a five-year time frame.
"The auxiliary would attempt fabricating, selling, exchanging, bringing in and trading and in any case managing in a wide range of paints and partnered items and administrations," the organization said in a stock trade recording.
The paint area, which was once overwhelmed by a couple of organizations like Asian Paints, Nippon Paints, and Berger Paints, has seen a few new players of late. For example, Aditya Birla Group declared its paint business by means of its unit Grasim Industries. Then, at that point, there is Jindal Paints. That separated, MRF is additionally into making specialty paints for the auto and white products fragment.
"More than forty years, the Company has joined forces India's multi-sectoral foundation needs on the strength of its item greatness, client direction, and innovation administration," the organization said on its site.
JK Cement's tasks started with business creation at its leader dim concrete unit at Nimbahera, Rajasthan in May 1975. The organization has an introduced dark concrete limit of 15 million tons for each annum as on date, making it one of the top concrete producers in the country.
"JKCL is the No. 1 producer of divider clay on the planet and the third biggest maker of white concrete, worldwide, with an absolute white concrete limit of 1.20 million TPA and divider clay limit of 1.2 million TPA. JK White Cement is sold across 43 nations all over the planet and the organization has a solid global presence with two sponsorships, JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd.," the organization's site said.