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Glass plant expected to take off in three months

Post Time:May 31,2009Classify:Company NewsView:379

JAIPUR: Land allotment for the ambitious Rs 1,000 crore Saint-Gobain greenfield float glass making plant slated to come up in Bhiwadi has been completed. If the state industries department is to be believed the project will take off in three months' time.

However, head finance T Bhaskaran, Saint-Gobain India, refused to specify a date for the beginning of the plant and said, "We have just been allotted the land. It is too early to be specific about the date of beginning the actual ground work."

The project, the agreement for which was signed on August 19, 2008 during the BJP government in the state, would be the second float glass making unit of the French glass major in India after its existing unit in Sriperumbudur, west of Chennai. However, the proposed blast furnace of the plant here would be the largest of its kind in the world.

The project had been under review after the Congress government took over in the state in January, 2009. "With immense potential in the project, the cabinet sub-committee passed it quickly and ever since work has been progressing fast in this regard," sources in the industries department said.

After offering it a concession package, the state allotted Saint-Gobain about 140 acres of land at the project site. "Saint-Gobain has also deposited Rs 30 crore with the state government as an advance and is expected to pay the remaining sum by the end of next month," the source added.

Officials of the industries department said that work on constructing the access road to the plant site is already on. "The state government is doing all it can and the work to help the plant come up is at an advanced stage. Even the shifting of power lines has begun," the official said.

With production commencing from this site by 2010, Saint-Gobain India is expected to take its float glass capacity to more than 7.5 lakh tonnes a year from the current 4.5 lakh tonnes. Apart from making float glass, the company processes advanced glass for the building industry and also produces glass for the automobile industry.

Source: The Times of IndiaAuthor: shangyi

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