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ASIANPAINT

is investing ₹3,250 crores in its new manufacturing facility in Dahej, Gujarat, which will produce Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM). This cost has increased from the initial estimate of ₹2,560 crores due to additional expenditures. Investment Overview: Total Investment: The total cost for setting up the manufacturing facility is now ₹3,250 crores, reflecting an increase from the original estimate of ₹2,560 crores. Additional Capex: The Board approved an additional capital expenditure of ₹690 crores to cover pre-operative expenses and project cost escalations. Facility Details: Location: The manufacturing facility will be established in Dahej, Gujarat. Products: The facility will focus on producing Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM). Funding Strategy: Funding Sources: The investment will be financed through a combination of equity and external debt, showcasing the company's commitment to enhancing its manufacturing capabilities. Market Positioning: This strategic investment aims to reinforce Asian Paints' position in the market by expanding its production capacity and product offerings.