JSW Group of India, a conglomerate with interests in steel and cement, is planning to venture into the industrial paints market due to high internal demand for steel coatings.
The project may start in Maharashtra at the site of the company in Dolvi.
Meanwhile, the cement business of the company will get an additional INR 20 billion (€278.04 million/US$ 301.96 million) for brownfield expansion over the following 24 months to increase output to 16 million tonnes from 6 million tonnes.
The planned paints business of the company will be run under a separate brand.
