Berger Paints India expects Rs 200 bn turnover in next 5-6 years
Paint

Berger Paints India expects Rs 200 bn turnover in next 5-6 years

In the next five to six years, Berger Paints, the second-largest paint manufacturer in the nation, hopes to double its revenue to Rs 200 billion. It is anticipated that the company would end FY23 with revenues of roughly Rs 100 billion.

The company expects that the majority of the growth would come from the local market.

Berger's combined total operating income for H1FY23 was Rs 54.30 billion.,The company was on track to surpass Rs 100 billion this fiscal year. Berger reported a revenue of Rs 88.26 billion for FY22.

Berger's ambitions for growth would be in charge of the development. The company will soon begin construction on its largest plant in Uttar Pradesh (UP); Odisha and Panagarh in West Bengal will follow. The business was looking for a 40–50 acre land in Odisha. The expansion and investment in Odisha would happen in stages. It might start out smaller than UP, but there would be a possibility for growth.

The plant's initial investment in UP was set at Rs 7.25 billion, and it was then increased to Rs 10.15 billion. Although it would also offer industrial and building chemicals, it would primarily serve the ornamental market. Berger stated in an investor presentation that the facility could potentially expand capacity by around 33%.

In the next five to six years, Berger Paints, the second-largest paint manufacturer in the nation, hopes to double its revenue to Rs 200 billion. It is anticipated that the company would end FY23 with revenues of roughly Rs 100 billion. The company expects that the majority of the growth would come from the local market. Berger's combined total operating income for H1FY23 was Rs 54.30 billion.,The company was on track to surpass Rs 100 billion this fiscal year. Berger reported a revenue of Rs 88.26 billion for FY22. Berger's ambitions for growth would be in charge of the development. The company will soon begin construction on its largest plant in Uttar Pradesh (UP); Odisha and Panagarh in West Bengal will follow. The business was looking for a 40–50 acre land in Odisha. The expansion and investment in Odisha would happen in stages. It might start out smaller than UP, but there would be a possibility for growth. The plant's initial investment in UP was set at Rs 7.25 billion, and it was then increased to Rs 10.15 billion. Although it would also offer industrial and building chemicals, it would primarily serve the ornamental market. Berger stated in an investor presentation that the facility could potentially expand capacity by around 33%.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000