JSW enters paints business with ₹600 crore investment1 min read . Updated: 02 May 2019, 04:38 PM IST
- The company has been set up with an investment of ₹600 crore, including ₹350 crore debt from Axis Bank
- Parth Jindal, Sajjan Jindal’s son, will be MD, JSW Paints
Sajjan Jindal-promoted JSW Group, which operates India’s second largest private sector steel company, is now entering the highly competitive organised paints business with JSW Paints. The company, set up with an equity investment of ₹250 crore from the promoter group, will manufacture and market both industrial and decorative paints.
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