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Haldyn Glass Ltd.

BSE: 515147 Sector: Industrials
NSE: N.A. ISIN Code: INE506D01020
BSE LIVE 10:26 | 24 Nov 42.70 0.30
(0.71%)
OPEN

43.20

HIGH

43.20

LOW

42.10

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 43.20
PREVIOUS CLOSE 42.40
VOLUME 10030
52-Week high 50.80
52-Week low 29.00
P/E 19.59
Mkt Cap.(Rs cr) 230
Buy Price 42.70
Buy Qty 2500.00
Sell Price 42.75
Sell Qty 306.00
OPEN 43.20
CLOSE 42.40
VOLUME 10030
52-Week high 50.80
52-Week low 29.00
P/E 19.59
Mkt Cap.(Rs cr) 230
Buy Price 42.70
Buy Qty 2500.00
Sell Price 42.75
Sell Qty 306.00

Haldyn Glass Ltd. (HALDYNGLASS) - Company History

Haldyn Glass Gujarat (HGGL), an associate company of Haldyn Glass is a major player in the glass container industry. HGGL incorporated in April 1991 as a public company has its plant in Gujarat to produce clear glass containers with an furnace capacity of 160 tpd. The company's locational advantage gives it an competitive edge with substantial savings in freight cost of raw material and natural gas. This is locational advantage comes by its plant's proximity to the mines in Gujarat and Rajasthan and gasfields of ONGC HGGL began in 1995 with commencing of commercial production in its new 130 tpd new grass-root plant. Once this new plant is operational the Group associate company HGL discontinued the manufacture of amber glass bottles at its plant in Goregaon, Bombay. HGGL has been handed over the established customer base of HGL, the promoter company. Its customer base includes major pharmaceutical and brewery companies like Glaxo India, Burroughs Welcome, Parke-Davis, Raptakos Brett, Cipla, Associated Breweries and Distilleries, Mysore Breweries, etc. HGGL is already catering to other market segments of the Glass Industry like Cosmetics, Ink and Stationery Bottles which will expand its Sales in thse Segments. Company is actively considering establishment of plant for decorative of Glass Bottles at the Gavasad factory. The proposed plant will increase the scope of White Glass Market. Company also planning to convert one I.S Machine from Double Gob to Triple Gob which will increase in production. During 1998-99, HGGL received ISO 9002 certification. As the company could not raise funds for Captive Power Plant project,it could not able to commission the same on time.