Saint-Gobain to invest Rs 10 bn in Rajasthan

CHENNAI: The Indian arm of French float-glass manufacturer Saint-Gobain is setting up a 300,000 tonne plant at Bhiwadi in Rajasthan with an investment of Rs.10 billion ($250 million), top company officials said.

The new plant will take the company's capacity to 750,000 tonnes per annum, as its Rs.15 billion unit at Sriperumbudur near here has a capacity of 450,000, Saint-Gobain India managing director B. Santhanam told a press conference here.

"The investment in the first phase of the new unit will be Rs.10 billion," said Santhanam, who is also president of the group's float glass division for South Asia.

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600450 Saint-Gobain to invest Rs 10 bn in Rajasthan
Date: 25 June 2008
Source: Economictimes

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