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Hindusthan National Glass & Industries Ltd.

BSE: 515145 Sector: Industrials
NSE: HINDNATGLS ISIN Code: INE952A01022
BSE LIVE 14:43 | 18 Aug 84.80 1.30
(1.56%)
OPEN

79.25

HIGH

85.90

LOW

79.25

NSE 15:31 | 18 Aug 82.85 2.65
(3.30%)
OPEN

80.00

HIGH

84.90

LOW

80.00

OPEN 79.25
PREVIOUS CLOSE 83.50
VOLUME 121
52-Week high 154.80
52-Week low 77.35
P/E
Mkt Cap.(Rs cr) 741
Buy Price 82.00
Buy Qty 50.00
Sell Price 84.80
Sell Qty 90.00
OPEN 79.25
CLOSE 83.50
VOLUME 121
52-Week high 154.80
52-Week low 77.35
P/E
Mkt Cap.(Rs cr) 741
Buy Price 82.00
Buy Qty 50.00
Sell Price 84.80
Sell Qty 90.00

Hindusthan National Glass & Industries Ltd. (HINDNATGLS) - Company History

Incorporated in the mid-forties, Hindustan National Glass & Industries is the largest producer of glass containers. As a part of its diversification, it acquired mining rights in Rajasthan and an EOU status for manufacturing polished granite slabs and tiles. The major industries consuming its products are liquor, beer, soft drinks and cosmetics. The company came out with a rights issue in 1994-95. It increased the capacity of one of its furnaces by 22,000 tonnes to capitalise on the burgeoning packaging industry. Also, it installed on-line electronic inspection equipment on two pharmaceutical production lines to ensure production of consistent quality containers. The company is examining the possibility of 100% export-oriented polished granite projects. Glass bottles are exported to Bangladesh, Thailand, Hong Kong, Malayasia, Singapore, Srilanka, Tanzania, Nigeria and Taiwan. The company is negotiating with prospective buyers in the UK, Germany and the US, for export of bottles. HNGL has taken up expansion-cum-modernisation of its Rishra plant by installation of a new glass melting furnace with a production capacity of 300 MT per day at an estimated cost of Rs.35 crores. The plant was commissioned in July,2001.