Berger to invest ₹2,000 Cr to reach ₹20,000 Cr revenue, Akzo Nobel not on company radar

Berger Paints India, the second largest player after Asian Paints, will shell out Rs 2,000 crore in aggregate over the next three years to put up two plants in West Bengal and Andhra Pradesh and to bring into operation its largest plant in the country in Odisha by 2027.

- STATESMAN NEWS SERVICE

With these expansion plans in order, the company with a market share of nearly 22 per cent, reaffirmed its target of achieving Rs 20,000 crore revenue by 2030. This is notwithstanding the fact that the paints major is yet to any bid for Akzo Nobel and has sought some clarifications. Akzo Nobel is reportedly expecting to complete the sale of its decorative paints and industrial coatings businesses within six to nine months.

Interestingly, ranked as the 7th largest architectural coatings company worldwide, Berger Paints operates 29 manufacturing facilities across India, Nepal, Poland and Russia. The paint major inaugurated its new headquarters in Kolkata.