Sezal Glass, as a part of the expansion program, will invest about Rs 500 crore in the next three years to expand its value-added glass business with manufacturing set ups spanning across the geographical limits of the country. 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. This expansion plan would also be generating new employment opportunities.
Sezal Glass had recently sold its float glass business to - Saint-Gobain Glass India, a 100% subsidiary of France based Compagnie de Saint Gobain on slump sale basis for a consideration of Rs 686 crore.
The value-added glass business at present is roughly about Rs 2000 crore and it is increasing at the rate of 30% per annum. With this expansion plan underway Sezal Glass expects that it will have a 15% market share of the value added glass business in a span of next three to five years.
Sezal Glass is a leading player in the architectural glass processing business in India. The company also operates in lifestyle home and office interior products under the brand name ‘Encasa’ at two locations in Mumbai. ‘Encasa‘ trades in all mid and high end decorative glass, art & artifacts, lights & luminaries, sanitary ware, tiles, furniture, wallpapers to name a few.
| Company Name | CMP |
|---|---|
| Asahi India Glass | 835.00 |
| Borosil Renewables | 555.20 |
| Borosil Scientific | 120.00 |
| Haldyn Glass | 113.35 |
| La Opala R G | 182.70 |
| View more.. | |
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