Saint Gobain to set up Rs 1,000 cr glass manufacturing unit near Delhi

Written by fe Bureau | Kolkata | Updated: Jul 31 2010, 06:37am hrs
Saint Gobain Glass India, a fully owned subsidiary of euro 6 billion Saint Gobain France, has firmed up plans to set up the worlds largest float glass line in India at an investment of Rs 1000 crore.

B. Santhanam, MD, Saint Gobain Glass India, and also president of flat glass division, South Asia and Egypt, on the sidelines of a leadership conference, organised by CII- Suresh Neotia Centre of Excellence, said the company would set up a 950 tonne per day float glass line at Bhiwadi near Delhi, which would be its second plant after Chennai.

Our plant in Bhiwadi on 140 acres will be the worlds largest float glass line and we hope to start operations there by end of 2011, Santhanam said.

Saint Gobain Glass India, the market leader in architectural glass segment with 80% market share, has so far invested Rs 1,700 crore in India over a period of 10 years. Santhanam said besides the additional investment plan of Rs 1000 crore, the company was looking at opportunities for investment in solar control and solar power glass segment, which in India is at an embryonic stage.

Our plan for investing in the solar power glass segment is at tandem with the National Solar Energy Mission, aiming to generate 20,000 mw by 2020. We are globally well placed in making thin film modules, cells and mirrors (concentrating heat) and right now we are assessing the Indian market, Santhanam said.