Hindusthan National Glass & Industries Ltd Company Summary

Incorporated in the mid 40s, Hindustan National Glass & Industries Limited (HNGIL) 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 was incorporated in February 1946. It came out with a rights issue in 1994-95. It increased the capacity of one of its furnaces by 22,000 tones to capitalise on the burgeoning packaging industry.

Also, it installed online electronic inspection equipment on two pharmaceutical production lines to ensure production of consistent quality containers. HNGL commissioned its Rishra Plant by installing a new glass melting furnace having a production capacity of 300 MT per day in July, 2001.A major modernisation-cum-expansion project including rebuilding of Furnace no. Ill at Bahadurgarh costing approximately Rs.

51 Crores was completed during the year 2003. Rebuilding of Furnace No II at Rishra involving a capital outlay of about Rs 35 Crore, was undertaken during the year 2003-04. The commercial production in the furnace commenced from 29th May, 2004.

The melting in all the furnaces at Bahadurgarh was switched from Furnace Oil to Regasified Liquefied Natural Gas (RING) with effect from March, 2004. It had undertaken a major capital expenditure programme at both its Rishra and Bahadurgarh units involving re-erection of Furnace II at Rishra and rebuild of Furnace IV & V at Bahadurgarh. The Furnace at Rishra was re-erected with a capital outlay of Rs.

36 Crores and commenced production in May 2004. Rebuilding of Furnace IV at Bahadurgarh unit involved a capital outlay of about Rs. 34 Crores, was completed in March, 2005 The commercial production in Furnace V, commenced from May 2005.In 2006-07, the merger of M/s.

Ace Glass Containers Ltd. with the Company was implemented and made effective from 1st April, 2006. Pursuant to amalgamation of Ace Glass Containers Limited with the Company, 21,41,448 shares and 13,68,872 shares were issued to HNG Trust and Ace Trust respectively.

The Company acquired the assets of a Glass Container Plant at Neemrana Unit, revamped it and commenced commercial production from March 2008.