Sejal Glass sets up first Indian float glass plant
Mumbai, November 19, 2008: Sejal Architectural Glass Ltd. (SAGL), a leading player in the architectural glass solutions, is in the process of setting up a world class 550 tonne per day capacity float glass plant at Jhagadia in the state of Gujarat. The estimated cost of the plant is Rs.500 crore spread across 150 acres of land and is expected to commence from April 2009.
Commenting on the development, Mr. Amrut Gada, Chairman and Managing Director, Sejal Architectural Glass Ltd. said, “This will be the first Indian float glass plant which is a 100 percent domestically promoted project. To part finance the project, we had tapped the capital market recently, and had an overwhelming response”.
Sejal has tied up with several big players for its supplies. The first phase of civil work under L&T is 71% completed whereas the second phase has already started. The company has tied up with Siemens and Kaypee for its electrical turnkey and Piping & mechanical turnkey respectively. The Greenfield float glass plant is expected to contribute 74-75% to the company’s total revenues after its commencement.
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