Optiemus Infra shares rise as firm organises ground breaking ceremony with Corning at cover-glass finishing facility in TN

The BIG Tech facility will help strengthen local supply chains and create substantial employment opportunities, the company said

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26 Aug, 2025 12:21

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Corning Incorporated and Optiemus Infracom Limited on June 25 broke ground for a new Bharat Innovative Glass Technologies (BIG Tech) facility, which will make front-cover glasses for mobile phones in Tamil Nadu, the former said in a statement.

Following the announcement, the stock price of Optiemus Infracom rose 1.4 percent to Rs 329.9 on NSE at 12:39 pm.

Bharat Innovative Glass Technologies Private Limited is a joint venture firm between Optiemus Infracom and US-based Corning International Corporation. An MoU was inked in January this year with the government of Tamil Nadu to set up the new facility with an investment of Rs 1,003 crore.

The firm said that the proposed project has the potential to employ nearly 840 persons for the facility.

The new plant, which is located at the SIPCOT Pillaipakkam industrial park in the Kanchipuram District, Tamil Nadu, will be the country’s first facility to produce high-quality, finished cover-glass parts for mobile consumer electronics. It is likely to provide a boost to growing manufacturer demand in India, the statement added. The BIG Tech facility will help strengthen local supply chains and create substantial employment opportunities, the company said.

The manufacturing of finished cover-glass components in the country is a significant evolution for the industry.

“For more than 60 years, Corning has played a vital role in India’s technological development. This joint venture with Optiemus Infracom demonstrates our shared commitment to bringing life-changing innovations to the Indian market – and the world,” said David Velasquez, vice president and general manager, Corning Gorilla Glass. “By actively supporting our customers as they advance their supply chains, we’re giving more consumers in the region an opportunity to experience the renowned durability of Gorilla Glass.”

“Our collaboration with Corning exemplifies our shared commitment to driving technological advancements and delivering high-quality products to the market in alignment with government’s Make-in-India initiative,” said Ashok Gupta, executive chairman, Optiemus Infracom. “Establishing India’s first cover-glass finishing operation for mobile consumer electronics is a major milestone in our journey to meet the growing demand for high-quality, advanced cover glass.”