Saint-Gobain Sekurit’s parent company intends to invest nearly Rs 8,000 crore

The parent company of Saint-Gobain Sekurit India, Saint-Gobain India (SGI), announced plans to invest close to Rs 8,000 crore in the business activities of India.

Chairman B. Santhanam told news agency PTI, "The company will invest 90 percent of the said amount towards funding capital expenditure and the remaining on acquisitions." 

The glass and building materials company recently purchased glass and stone wool producers Twiga and Rockwool India as part of its expansion of commercial activities in India.

Santhanam last week had said that Saint-Gobain Sekurit India's parent company SGI was also looking for acqusition opportunities in the EV (electronic-vehicle) segment. The company provides insulation and water-proofing solutions for car batteries. "Whatever the battery type, we have materials that go into making batteries, but the final battery manufacturing, we will leave it to battery experts" he said in an interview to The Mint.

The company Saint-Gobain Sekurit manufactures automotive glazing solutions. Laminated windshields, tempered side windows, and panoramic roofs are just a few of the glass products that the company specializes in making for the automotive sector.

Source: Media Reports