Gold Plus Glass gets Rs 4 bn from Premji Invest to fund expansion plans

Gold Plus Glass Industry Limited (Gold Plus), a domestic float glass manufacturer and a dominant player in the building and architectural glass segment, has raised Rs 4 billion from marquee Indian investor Azim Premji's investment arm Premji Invest to fund its expansion plans. The company said in the next three-four years, Gold Plus will invest over Rs 20 billion to add two new float glass lines in India. Premji Invest's funding will help the company increase its capacity by an additional 730,000 tonnes per annum. Through this expansion, Gold Plus plans to cater to the increasing demand, reduce the dependence of