Gold Plus Glass Industry (Gold Plus) is said to have set up its strategies to commence biggest float glass capacity expansion in India till date.
The firm has plans to put two float glass lines and one solar glass line with combined installed capacity of around 7,00,000 tonne annually.
The company is the only Indian-owned float glass
manufacturer and currently has two float lines in Roorkee, Uttarakhand, with installed capacity of around 4,60,000 tonne annually.
Its facility at Roorkee is spread across 100 acre and produces almost the whole bouquet of float glass such as clear, tinted, solar control reflective, frosted glass, mirror, etc. The company also has an administering unit to cater to high value glasses such as toughened, laminated, insulating, ceramic printed, among others.
The total project outlay is expected to be Rs 2,200 crore to Rs 2,300 crore. The company is already in conversation with government authorities of at least two southern states for land allotment and revenue subsidies.
The company is expected to finalise the state and land parcel in the following three to five weeks.
Furthermore, the firm is targeting revenue of over Rs 3,000 crore with this capacity expansion.
