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Hindusthan National Glass & Industries Ltd.

BSE: 515145 Sector: Industrials
NSE: HINDNATGLS ISIN Code: INE952A01022
BSE 12:30 | 06 Dec 30.20 -0.60
(-1.95%)
OPEN

30.80

HIGH

31.00

LOW

29.50

NSE 12:24 | 06 Dec 30.35 0
(0.00%)
OPEN

31.00

HIGH

31.00

LOW

29.85

OPEN 30.80
PREVIOUS CLOSE 30.80
VOLUME 12029
52-Week high 53.20
52-Week low 24.50
P/E
Mkt Cap.(Rs cr) 270
Buy Price 30.00
Buy Qty 6.00
Sell Price 30.20
Sell Qty 70.00
OPEN 30.80
CLOSE 30.80
VOLUME 12029
52-Week high 53.20
52-Week low 24.50
P/E
Mkt Cap.(Rs cr) 270
Buy Price 30.00
Buy Qty 6.00
Sell Price 30.20
Sell Qty 70.00

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 22000 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 July2001.

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