Kansai Nerolac Paints Ltd has informed that the Board of Directors of the Company at its meeting held on October 24, 2008, has approved an estimated further outlay of Rs 179 crores, in addition to the outlay of Rs 69 crores approved by the Board in July 2007 for the setting up of paint facility at Hosur. The aggregate outlay for Hosur, including the one approved earlier would be Rs 248 crores. This project will be funded by internal accruals.
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