Gold Plus Floating Glass Facility Expansion

Gold Plus Glass Industry Limited is embarking on a significant expansion project in Karnataka, setting up two new float glass manufacturing lines and one solar glass line. This project represents the company's largest capacity expansion to date, aiming to add 700,000 tonnes per year to its production capabilities. The expansion will take place in Belagavi, Karnataka, on a vast 200-acre land in the Kanagala Industrial Area. The new greenfield project will feature two float lines with a daily capacity of 800 tonnes each and a solar glass line capable of producing 300 tonnes per day. The initiative is not only poised to meet the increasing domestic demand for float glass but also marks a significant step towards self-reliance in glass production for India, reducing the current dependency on imports.

In addition to meeting local demand, one of the float glass lines will be the first in India designed to produce glass up to 15 and 19 mm thick, catering to a wider range of applications and enhancing the product mix available to customers. This expansion is supported by investments from Kotak Special Situations Fund and Premji Invest, totaling up to Rs 450 crore and Rs 150 crore, respectively. The total project outlay is estimated to be in the range of INR 2,200 - 2,300 Crores, with the company targeting revenues of over INR 3,000 crores following the expansion​​​​.

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