Saint-Gobain India Sees 10% Growth, Invests In Expansion
ECONOMY & POLICY

Saint-Gobain India Sees 10% Growth, Invests In Expansion

An increase in demand in the Indian market would lead to a 10% growth in volume and mix, according to Saint-Gobain India, a subsidiary of a French glassmaker. Santhanam, the CEO of the Asia Pacific and India region, highlighted excellent growth in industries like construction, building, and industrial solutions. Approximately Rs 13,200 crore in yearly revenue is anticipated for the year, with a predicted 8–10% increase from FY23 to FY24.

Within the global Saint-Gobain company, India is the third most lucrative nation. With a planned 4–5-year cycle investment of around Rs 8,000 crore, mostly in capital expenditures, concentrate on investments in capacity expansion. Investments are financed by internal accruals; the business is debt-free and well-funded for expansion.

An increase in demand in the Indian market would lead to a 10% growth in volume and mix, according to Saint-Gobain India, a subsidiary of a French glassmaker. Santhanam, the CEO of the Asia Pacific and India region, highlighted excellent growth in industries like construction, building, and industrial solutions. Approximately Rs 13,200 crore in yearly revenue is anticipated for the year, with a predicted 8–10% increase from FY23 to FY24. Within the global Saint-Gobain company, India is the third most lucrative nation. With a planned 4–5-year cycle investment of around Rs 8,000 crore, mostly in capital expenditures, concentrate on investments in capacity expansion. Investments are financed by internal accruals; the business is debt-free and well-funded for expansion.

Next Story
Infrastructure Urban

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Next Story
Infrastructure Urban

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Next Story
Infrastructure Urban

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement