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SJS Enterprises to invest Rs 30 crore in cover glass capacity expansion

Infrastructure  -  Mar 27,2024  - 

SJS Enterprises Ltd, a Bengaluru-based company specialising in decorative aesthetic products for the automobile and consumer appliances sector, has announced plans to invest Rs 30 crore in establishing a capacity for producing optical cover glasses.

These glasses serve as protective layers for TFT (Thin Film Transistor) screens in SUVs, enhancing both functionality and aesthetics.

The company recently obtained a quality system certificate for this new technology of optical cover glass, marking a significant milestone in its development process.

Currently in the proof of concept and validation phase with its customers, SJS Enterprises has received positive feedback, paving the way for future orders and production.

According to a report by Nuvama Institutional Equities, the investment is projected to yield potential revenue of ₹100 crore, with orders expected in FY25 and production slated to commence in FY26.

With an estimated cover-glass content of Rs 4,000 per unit for mid-size SUVs, the move represents a strategic expansion of SJS Enterprises' product portfolio and market reach.

 

Company : SJS Enterprises Ltd