As per CRISIL REPORT 2024, Gold Plus Glass Limited (“Gold Plus”), the second-largest float glass manufacturer in India with 22% share of manufacturing capacity for float glass as of September 30,2023. They proudly announced the successful commissioning of its manufacturing facility Kangala Industrial Estate, Belagavi Karnataka.
With this expansion, Gold Plus has solidated it’s position and further diversified its product offerings by entering the solar glass segment.
In June 2024, The Karnataka Project achieved Commercial Operations Date (COD) Milestones.
The total phase wise float glass manufacturing capacity installed in the project is 584,000 metric ton per annum and Solar Glass manufacturing capacity is 109,500 metric tons per annum. The project’s total investment of Rs 2,500 crore, underscores Gold Plus Commitment to driving innovation and capacity expansion in India’s glass manufacturing industry.
At Roorkee Plant, the company already has an existing facility of 456,250 metric tons per annum.
Meanwhile, with the addition of the Karnataka Facility, Gold Plus’ Total installed float glass capacity now exceeded one million annually, while reaching an impressive 1,040,250 metric tons per annum and Solar Glass capacity of 109,500 tons per annum.
As per CRISIL Report dated January,2024, post expansion and achievement of Commercial Operations Date (COD), in June 2024, the Company’s capacity share is expected to be 26.1% of the total float glass industry capacity in India. While this milestone, Gold Plus continues to contribute in reshaping India’s Glass Manufacturing Landscape, delivering excellence and to foster sustainable growth
Gold Plus’ Karnataka facility is not just an achievement in capacity expansion but a testament to the dedication of the company to advance the capabilities of India’s Glass Manufacture. Gold Plus is well-equipped to support the evolving needs of industries ranging from real estate to renewable energy by combining enhanced Float Glass Capacity with entry into the Solar Glass Production.
Jimmy Tyagi, CEO, Gold Plus Glass Industry Limited, “The commissioning of our Karnataka Facility marks a significant milestone in Gold Plus journey, which reflects our unwavering commitment to innovation, sustainability and customer-centric growth.
Jimmy Tyagi also stated that,” We are proud to play a pivotal role in meeting India’s growing demand for high-quality float and solar glass, which also contributes to the economic growth of the country and environmental aspirations.”