Asahi India Glass Ltd updates on expansion projects

The Board of Directors of Asahi India Glass Ltd. in its meeting held today, 27th October, 2021 has based on the assessment of the opportunities available, approved a feasibility study of expansion opportunities for Asahi India Glass Ltd. (AIS) over the next 3-4 years. Besides continuing expansions for automotive glass, AIS is to undertake a detailed study for investments in:

- setting up a greenfield project for a 3rd float glass plant, to be used mainly for internal consumption towards localisation of raw glass for auto & architectural processing,

- possibly, a greenfield expansion of a fourth float glass plant for external sale,

- one additional (total 2) greenfield solar (patterned) glass plant, in a minority partnership with Vishakha Group, and

- other adjacent & downstream value-added business expansions of AIS.

Shares of Asahi India Glass Limited was last trading in BSE at Rs. 352.35 as compared to the previous close of Rs. 351.20. The total number of shares traded during the day was 11729 in over 685 trades.

The stock hit an intraday high of Rs. 359.05 and intraday low of 350.50. The net turnover during the day was Rs. 4162475.00.

Source : Equity Bulls

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AsahiIndiaGlass INE439A01020 ExpansionProjects