Saint-Gobain plans to triple turnover to Rs 21,000 cr, set up unit in AP

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

French float glass major Saint-Gobain is planning to triple its turnover over the next decade, from the current level of around Rs 7,000 crore.

The company said that it would look at investing in India to cater to domestic and export markets. Since its entry into India in 1996, the company has invested about Rs 7,500 crore. 

The company plans to invest another Rs 720 crore and a new facility in Andhra Pradesh.

Speaking on the sidelines of the inauguration of company's Rs 1,200 crore third plant, near Chennai, Pierre-Andre de Chalendar, Chairman and Chief Executive Officer, Compagnie de Saint-Gobain France, said that