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Hindusthan National Glass & Industries Ltd.

BSE: 515145 Sector: Industrials
NSE: HINDNATGLS ISIN Code: INE952A01022
BSE LIVE 09:41 | 24 Oct 125.00 6.90
(5.84%)
OPEN

128.25

HIGH

128.25

LOW

125.00

NSE 09:35 | 24 Oct 129.90 9.60
(7.98%)
OPEN

123.50

HIGH

138.00

LOW

123.50

OPEN 128.25
PREVIOUS CLOSE 118.10
VOLUME 50
52-Week high 146.00
52-Week low 74.20
P/E
Mkt Cap.(Rs cr) 1,092
Buy Price 125.00
Buy Qty 90.00
Sell Price 130.00
Sell Qty 10.00
OPEN 128.25
CLOSE 118.10
VOLUME 50
52-Week high 146.00
52-Week low 74.20
P/E
Mkt Cap.(Rs cr) 1,092
Buy Price 125.00
Buy Qty 90.00
Sell Price 130.00
Sell Qty 10.00

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.