Paints and coatings firm Akzo Nobel India will open a new manufacturing unit near Gwalior in the next two months.. The company would invest Rs.100 crore to set up the unit, Akzo Nobel India’s Managing Director Amit Jain said told reporters here.

The company has reported a lower net profit of Rs.34.81 crore for the quarter ended June 30, 2013, against Rs.60.89 crore in the corres- ponding quarter of the previous fiscal.

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