Sezal Glass is going pan-India with Rs 500 cr (72 Mio. Euro) investments

Amrut S Gada, chairman and managing director of Sezal Architectural Glass tells CNBC-TV18 that the rupee depreciation will affect margins by nearly 5%.

He says that the amount received from the Saint Gobain deal has been partly used to pay off bank debt and the balance will utilized to fund expansions. "We are targeting around Rs 500 crore investment in the next four years on the value-added glass business, and we will go pan-India to serve India’s requirement of glass and other industry supply," he says.

Read more below. Also watch the accompanying video: www.moneycontrol.com/video/business/sezal-glass-is-going-pan-indiars-500-cr-investments_623647.html

600450 Sezal Glass is going pan-India with Rs 500 cr (72 Mio. Euro) investments glassonweb.com
Date: 28 November 2011
Source: http://www.moneycontrol.com

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