Saint-Gobain’s Rajasthan plant will be delayed by a year

The Hindu Business Line
October 5, 2009
COMMERCIAL, RETAIL, AUTO, FABRICATION

Saint-Gobain Glass India’s new float glass plant in Rajasthan, which was to have gone on stream in the first quarter of 2010, will now come up a year later.

The company is waiting for the state Government to acquire all the land required for the project, before it begins construction on the plant. Much of the 150 acres required for the project have been acquired, according to the company.

The delay in the project has also coincided with the slowdown in the economy, especially in the real estate sector, which would have accounted for a bulk of the company’s production of float glass at the plant, according to an Oct. 4 report in The Hindu Business Line.

Read full article