Hot Pursuit     18-Sep-23
Indigo Paints starts commercial production at Tamil Nadu facility
Indigo Paints said that its fully automated manufacturing facility at Pudukkottai, Tamil Nadu has commenced its commercial production on 18 September 2023.
The company said that new manufacturing facility has the capacity to produce over 50,000 kilolitres (KL) per annum of water-based paint products. The state of the art facility is expected to cater to the rising demand for products.

Indigo Paints offers a wide range of interior & exterior wall paint colours, enamels & wood coatings for homes & offices.

The company's consolidated net profit jumped 55% to Rs 31.04 crore on 28.8% increase in net sales to Rs 288.42crore in Q1 FY24 over Q1 FY23.

The scrip rose 0.29% to Rs 1,540 on the BSE.

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