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Hindusthan National Glass & Industries Ltd.

BSE: 515145 Sector: Industrials
NSE: HINDNATGLS ISIN Code: INE952A01022
BSE 00:00 | 16 Sep 27.00 1.20
(4.65%)
OPEN

27.00

HIGH

27.00

LOW

27.00

NSE 00:00 | 16 Sep 25.95 1.20
(4.85%)
OPEN

25.95

HIGH

25.95

LOW

24.75

OPEN 27.00
PREVIOUS CLOSE 25.80
VOLUME 360
52-Week high 124.00
52-Week low 17.35
P/E
Mkt Cap.(Rs cr) 242
Buy Price 24.70
Buy Qty 500.00
Sell Price 27.00
Sell Qty 90.00
OPEN 27.00
CLOSE 25.80
VOLUME 360
52-Week high 124.00
52-Week low 17.35
P/E
Mkt Cap.(Rs cr) 242
Buy Price 24.70
Buy Qty 500.00
Sell Price 27.00
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.