Gold Plus Capacity Expansion Into Solar Glass Manufacturing
08 Jan 2025
2 Min Read
CW Team
Gold Plus Glass Industry (Gold Plus), the second-largest float glass manufacturer in India with 22% share of manufacturing capacity for float glass as of September 30, 2023 (Source: CRISIL Report dated January 2024), proudly announces the successful commissioning of its manufacturing facility in Karnataka. With this expansion, Gold Plus has solidified its position and further diversified its product offerings by entering the solar glass segment.
The Karnataka project achieved Commercial Operations Date (COD) milestones in June 2024. 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鈥檚 total investment of ?2,500 crore underscores Gold Plus commitment to driving innovation and capacity expansion in India鈥檚 glass manufacturing industry. The Company already has an existing facility of 456,250 metric tons per annum at its Roorkee Plant. [With the addition of the Karnataka facility, Gold Plus鈥� total installed float glass capacity now exceeds one million tons annually, reaching an impressive 1,040,250 metric tons per annum and Solar Glass capacity of 109,500 tonne per annum.
As per CRISIL report dated January 2024, post expansion and achievement of COD in June 2024, the Company鈥檚 capacity share is expected to be 26.1% of the total float glass industry capacity in India.
A Vision for Gold Plus
Gold Plus鈥� Karnataka facility is not just an achievement in capacity expansion but a testament to the company鈥檚 dedication to advancing India鈥檚 glass manufacturing capabilities. By combining enhanced float glass capacity with entry into solar glass production, Gold Plus is well-equipped to support the evolving needs of industries ranging from real estate to renewable energy.
"The commissioning of our Karnataka facility marks a significant milestone in Gold Plus鈥� journey. It reflects our unwavering commitment to innovation, sustainability, and customer-centric growth," said Jimmy Tyagi, CEO, Gold Plus Glass Industry Limited. "We are proud to play a pivotal role in meeting India鈥檚 growing demand for high-quality float and solar glass, contributing to the country鈥檚 economic and environmental aspirations."
With this milestone, Gold Plus continues to contribute in reshaping India鈥檚 glass manufacturing landscape, delivering excellence and fostering sustainable growth.
Gold Plus Glass Industry (Gold Plus), the second-largest float glass manufacturer in India with 22% share of manufacturing capacity for float glass as of September 30, 2023 (Source: CRISIL Report dated January 2024), proudly announces the successful commissioning of its manufacturing facility in Karnataka. With this expansion, Gold Plus has solidified its position and further diversified its product offerings by entering the solar glass segment.
The Karnataka project achieved Commercial Operations Date (COD) milestones in June 2024. 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鈥檚 total investment of ?2,500 crore underscores Gold Plus commitment to driving innovation and capacity expansion in India鈥檚 glass manufacturing industry. The Company already has an existing facility of 456,250 metric tons per annum at its Roorkee Plant. [With the addition of the Karnataka facility, Gold Plus鈥� total installed float glass capacity now exceeds one million tons annually, reaching an impressive 1,040,250 metric tons per annum and Solar Glass capacity of 109,500 tonne per annum.
As per CRISIL report dated January 2024, post expansion and achievement of COD in June 2024, the Company鈥檚 capacity share is expected to be 26.1% of the total float glass industry capacity in India.
A Vision for Gold Plus
Gold Plus鈥� Karnataka facility is not just an achievement in capacity expansion but a testament to the company鈥檚 dedication to advancing India鈥檚 glass manufacturing capabilities. By combining enhanced float glass capacity with entry into solar glass production, Gold Plus is well-equipped to support the evolving needs of industries ranging from real estate to renewable energy.
The commissioning of our Karnataka facility marks a significant milestone in Gold Plus鈥� journey. It reflects our unwavering commitment to innovation, sustainability, and customer-centric growth, said Jimmy Tyagi, CEO, Gold Plus Glass Industry Limited. We are proud to play a pivotal role in meeting India鈥檚 growing demand for high-quality float and solar glass, contributing to the country鈥檚 economic and environmental aspirations.
With this milestone, Gold Plus continues to contribute in reshaping India鈥檚 glass manufacturing landscape, delivering excellence and fostering sustainable growth.
Next Story
Mumbai-Ahmedabad Bullet Train Set to Launch by 2028
India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..
Next Story
Mumbai-Gandhinagar Train Service Enhances Passenger Capacity
The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...
Next Story
Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently
Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..
