JSW Paints Expansion with Rs 750 Crores in Madhya Pradesh

JSW Steel Completes Strategic Investment in JSW Paints with Final Tranche of Rs 750 Crores.

Reinforcing its commitment to JSW Paints' growth trajectory, JSW Steel has successfully completed its strategic investment of Rs 750 crore in the paints company. This investment was structured across three to four installments over the past three years, fueling JSW Paints' ambitious expansion plans.

In 2021, JSW Steel marked the beginning of this strategic investment with an initial tranche of Rs 300 crore. On November 22, 2023, the final installment of Rs 75 crore was made, completing the entire investment commitment.

JSW Paints is set to establish a state-of-the-art manufacturing facility for decorative and industrial paints in Sector-7, Pithampur, Dhar district, Madhya Pradesh. This facility will play a pivotal role in expanding JSW Paints' production capacity and strengthening its market presence across India.

This strategic investment by JSW Steel underscores its unwavering support for JSW Paints' growth aspirations and its commitment to fostering a vibrant paints industry in Madhya Pradesh.

News by Rahul Yelligetti