Sejal Architecural sets up first Indian float glass plant

Sejal Architectural Glass is setting up a float glass plant with a production capacity of 550 tons per day at Jhagadia in the state of Gujarat [India] at an estimated cost of Rs. 478 crore [$96.6 million].

The company has tied up with various bankers to raise a Rs. 318 crore [$64.3 million] term loan. It has already raised Rs. 105 crore [$21.2 million] through its IPO.