Asahi India Glass has informed that it enclosed the unaudited financial results of the Company for the second quarter and half year ended 30th September, 2021 as considered, approved and taken on record by the Board of Directors of the Company in its meeting held today, 27th October, 2021. Further, based on the assessment of the opportunities available, the Board approved a feasibility study of expansion opportunities for Asahi India Glass (AIS) over the next 3-4 years. Besides AIS is to undertake a detailed study for investments in setting up a greenfield project for a 3rd float glass plant, to be used mainly for internal consumption towards localisation of raw glass for auto & architectural processing; possibly, a greenfield expansion of a fourth float glass plant for external sale; one additional (total 2) greenfield solar (patterned) glass plant, in a minority partnership with Vishakha Group; and other adjacent & downstream value-added business expansions of AIS. The meeting of the Board of Directors commenced at 8:30 am and concluded at 11:00 am.
The above information is a part of company’s filings submitted to BSE.
