Incorporated in Jun.'92, Hotline Glass (HGL) was promoted by A K Gupta and the Hotline group, in technical collaboration with Picvue Electronics, Taiwan. The company manufactures glass parts for black and white picture tubes (inst. cap. 3.3 mln pa; cost : Rs 120 cr). The plant is located at Malanpur (MP). To part-finance the project, HGL entered the capital market with a public issue in Jan.'94. HGL started commercial production of panels from Dec.'94 and funnels from Mar.'95 against the scheduled commencement in Sep.'94. HCL has implemented the project without any cost overruns despite the delay in commencement. The company started commercial production from third phase in 1996-97. The plant for manufacturing colour picture tubes in joint venture company, namely LG Hotline CPT Ltd has started commercial production from March'97.