New Delhi: Building material maker Lafarge Boral Gypsum India (LBGI) is planning to invest at least Rs300 crore over the next 10 years for expanding capacities and setting up new facilities with an aim to double its market share by 2013.
The company is also in the final stages of talks with Delhi International Airport (DIAL) for providing interior partitioning and ceiling materials, the deal size of which could go up to $5 lakhs.
“The potential of gypsum walls in India is huge. Compared to conventional brick walls, gypsum wall emits over 75% less carbon and sulphur and needs 80% less electricity to maintain. We are still at a nascent stage,” Lafarge Boral Gypsum India (LBGI) Chief Executive Officer Olivier Chaudet said.
He said that LBGI, which has a production unit in Khushkhera in Rajasthan, is planning to set up three more plants in Southern, Eastern and Western regions.
Asked how much investment would be required for setting up the plants, Chaudet said: “It will need a minimum of Rs100 crore investment in each plant over the next 5-10 years.”
The firm is conducting a feasibility study in the three regions for availability of raw material. “As soon as we find any positive report, we will start construction,” he said.
Chaudet said that the company was in talks with Tamil Nadu, Andhra Pradesh, Karnataka, West Bengal and Maharashtra governments for the same.