Akzo Nobel India rises after starting production at plant

JSW Dulux

06/09/2024 09:27

** Shares of Akzo Nobel India Ltd  AKZO.NS  rise as much as
4.6% to 3,855 rupees
    ** Paint maker says it has commenced commercial production
at its Gwalior plant on Sept. 5 with an installed production
capacity of 5166 T per annum
    ** Adds, invested 1.05 bln rupees ($12.51 million) to
increase production capacity to meet the growing demand for
powder coating, especially in North and East India
    ** Stock on track to gain for third week
    ** More than 50,000 shares traded as of 1:52 p.m. IST,
busiest day yet in over a month 
    ** AKZO last up 2.5%, adding to YTD gains of ~45% so far


($1 = 83.9250 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))