Asahi India Glass Ltd. said on Friday that the Board of Directors has approved setting up of its single largest integrated glass plant at Roorkee in the State of Uttaranchal, with an estimated projected cost of Rs60bn.
The Board of Directors of AIS approved, in principle, the investment in its meeting held today.
The plant would be an integrated, composite plant, with manufacturing facilities for value added glass and glass products, including reflective glass, mirror, automotive safety glass and processed glass, and float glass.
The plant is expected to be completed by end of 2006, the company said.
The float glass unit being set up in the plant will have a capacity of 700 MT / day and will also meet the captive float glass requirement for value added and processed glass and glass products.