|₹53.2 / ₹24.75|
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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.