Sezal Glass to invest about Rs. 5bn in next three years

The value-added glass business today is roughly about Rs. 20bn & is increasing at the rate of 30 % per annum.

Sezal Glass Ltd one of the leading Indian player in the Architectural Glass business today announced plans to further expand its value-addition glass business. As a part of the expansion program, Sezal will invest about Rs. 5bn to expand its value-added glass business with manufacturing set ups spanning across the geographical limits of the country. The expansion plan would also be generating new employment opportunities. The product profile following this investment will include manufacture of high quality, value-added glass products like security glass, safety glass, fire resistant glass, acid patterned glass, bullet proof glass and manufacturing of other glass products- patterned and solar glass.

Sezal Glass Ltd. had recently sold its float glass business to a Multi National Company - Saint-Gobain Glass India Ltd., a 100% subsidiary of France based Compagnie de Saint Gobain on slump sale basis for a consideration of Rs. 6860mn.

Commenting on the announcement, Mr. Amrrut S. Gada Chairman and Managing Director said, "This current expansion plan is a part of our ongoing strategy to invest in the state of art, specialized & revolutionary technologies, people, process, systems and infrastructure to support our long - term growth. Going forward, we aim to be the leading Glass player in the value-added glass segment in the country. Over the last one decade, our Company has successfully executed numerous projects within India & abroad and is known for its rich experience in providing glass solutions. Our brief experience in float Glass manufacturing has also helped us understand the needs of the customers well and this will go a long way in our building business relations."

Read more on the link below.

600450 Sezal Glass to invest about Rs. 5bn in next three years
Date: 26 October 2011

See more news about:

Others also read

Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
The renewal process for AAMA Corporate Members is now open. AAMA Corporate Membership is available to businesses involved in the manufacture, sale or service of fenestration products and is renewed on an annual basis.
Today designers and architects are looking to the hotel bathroom as the new frontier of the guestroom, turning what has long been a mostly functional space into a haven and means of escape.
Glassman as one of the largest glass processing machine manufactures in the world presented ZAK Glass Technology Exhibition during 8-11 December 2011, in Mumbai, India.

Add new comment