“The commissioning of our Karnataka facility marks a significant milestone in Gold Plus’ journey. It reflects our unwavering commitment to innovation, sustainability, and customer-centric growth.” Jimmy Tyagi, CEO, Gold Plus Glass Industry Limited
Gold Plus Glass Industry 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 (Source: CRISIL Report dated January 2024), has announced 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’s total investment of ₹2,500 crore underscores Gold Plus commitment to driving innovation and capacity expansion in India’s 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’ 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 tons per annum.
As per CRISIL report dated January 2024, post expansion and achievement of COD in June 2024, the Company’s capacity share is expected to be 26.1% of the total float glass industry capacity in India.
Gold Plus’ Karnataka facility is not just an achievement in capacity expansion but a testament to the company’s dedication to advancing India’s 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’ 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’s growing demand for high-quality float and solar glass, contributing to the country’s economic and environmental aspirations.”
With this milestone, Gold Plus continues to contribute in reshaping India’s glass manufacturing landscape, delivering excellence and fostering sustainable growth.
