Techno Paints to expand footprint in South India
The unit will come up over three acre of land parcel
Techno Paints, a paint manufacturing company, is in expansion mode and setting up a new facility at Sultanpur Industrial Estate in Hyderabad, Telangana.
The unit will come up over three acre of land parcel, with a capacity of 40,000 tpa. The project will entail an investment of Rs 25 crore.
The company has five manufacturing units located in and around Hyderabad. The total production capacity is 42,000 tpa.
Techno Paints registered Rs 62 crore turnover in 2018-19. In FY20 it expects 45 percent growth to Rs 85 crore to Rs 90 crore. The company plans to achieve turnover of Rs 120 crore in 2021-22, and Rs 250 crore in 2022-2023.