Saint Gobain

"We believe in forging strong partnerships to advance our goal of building next-generation working capital products for India's trade," said Chaitanya Adapa, Head of UdaanCapital

Glassmaker and a player in housing solutions business Saint-Gobain India has committed investments worth Rs 3,400 crore in Tamil Nadu across business segments, which includes setting up of green and brownfield investments. The company exchanged documents with state government officials in the presence of Chief Minister M K Stalin during the Global Investors Meet held in the city. "We are investing Rs 3,400 crore across different businesses - glass wool, gypsum, plasterboard, plaster, acoustic ceiling, float glass, adhesives, sealants, in our next phase of expansion in Tamil Nadu," said B Santhanam CEO, Asia Pacific and India Region and Chairman, Saint-Gobain India. The Memorandum of Understanding entails green and brownfield investments in several manufacturing sectors in Tamil Nadu, taking Saint-Gobain India's total investment to over Rs 8,000 crore, a company statement said on Tuesday. "As trailblazers in Light and Sustainable construction, we are well poised to provide building

Saint-Gobain India, a leading glass maker and a player in the housing solutions business on Friday said it is investing Rs 3,400 crore in Tamil Nadu across different businesses. This is part of the Rs 8,000 crore investment, which Saint-Gobain has committed for Tamil Nadu over the next 4-5 years. This includes a series of green and brownfield investments in several manufacturing sectors in the state. "We are investing Rs 3,400 crore across different businesses -- glass wool, gypsum plasterboard, plaster, acoustic ceiling, float glass, solar glass, adhesives, sealants, mortars and ceramics in our next phase of expansion in Tamil Nadu," B Santhanam, CEO, Asia Pacific and India region and Chairman, Saint-Gobain India, said. The announcement was made after Saint-Gobain Global Board represented by Chairman Pierre-Andre de Chalendar, and CEO Benoit Bazin met Tamil Nadu Chief Minister M K Stalin and state government officials. Saint-Gobain India is a subsidiary of French glassmaker ...

Saint Gobian India, a leading glass maker and a player in housing solutions business, is investing Rs 8,000 crore in 4-5 years to fund capital expenditure and acquisitions to fuel growth, its chief B Santhanam said. The company, which recently acquired stone wool manufacturer Rockwool India and glass wool maker Twiga still has an appetite for inorganic growth here. Saint Gobian India, a subsidiary of the French glassmaker, expects around 10 per cent volume and mix-led growth from the Indian market, where it is witnessing a demand surge. "Saint-Gobain India is performing very well in India in terms of growth, profitability, expansion, sustainability, digital and people talent. All our businesses be it in building and construction or industrial solutions are performing well," Saint Gobian CEO of Asia Pacific and India region and Chairman, Saint-Gobain India, Santhanam told PTI. "We are close to the annualised rate of Rs 13,200 crore... Comparing FY24 to FY23 we will be 8-10 per cent

The case against Saint-Gobain and its local unit was filed to the Competition Commission of India (CCI) in May by a retired glass industry executive, whose name was redacted in the documents

Construction and industrial products major Saint-Gobain has signed a power purchase agreement (PPA) in India with Vibrant Energy to provide wind-solar electricity to six local sites

Court says firm can pay "under protest", subject to final order; dispute could trigger similar rows in tax matters with MNCs, experts warn

Construction materials giant Saint-Gobain has signed a long-term renewable power supply deal with Singapore-listed Sembcorp for its manufacturing facilities in southern Tamil Nadu state

Saint-Gobain India is looking at a revenue in the range of Rs 750 crore to Rs 1,000 crore in three to five years

CM Ashok Gehlot assured the company that the state government would provide the best cooperative environment and support for the investment and future plans

Going straight to the end consumer - or B2C - makes immense business sense

The firm says Indian operations continue to be cash surplus, all investments are to be funded through accruals, litte scope for equity infusion

The facility is part of Saint-Gobain's vision of developing a World Glass Complex at Sriperumbudur as a regional hub for catering to the needs of international clients

The company is also focusing on export opportunities in ASEAN countries other than West Asia