Hindusthan National Glass & Industries to invest ₹300-₹500 crore to boost its manufacturing capacity and expansion efforts

Hindusthan National Glass & Industries Ltd (HNGIL), a subsidiary of the Africa-based Madhvani-Turner Group, is planning to invest ₹300 - ₹500 crore over the next five years to bolster manufacturing capacity by the end of this fiscal year.

HNGIL has invested around ₹700 crore in the business since the change in ownership following the company being acquired by Independent Sugar Corporation Ltd for ₹2,250 crore in September 2025.

"Another Rs 300-500 crore will be invested during the remaining part of the current financial year, which will be for capacity expansion and meeting operational expenses," HNGIL Chief Strategy Officer Suraj Mehta told PTI.


The Mumbai-based container glassmaker had received several orders during its Corporate Insolvency Resolution Period (CIRP), which are being delivered in the current financial year.

HNGIL, following its change in management after CIRP, has “turned around” its operations and aims to return to profitability from the current quarter, with profits beginning to reflect in its financial performance.

"Our topline growth is directly linked to the capacity expansion, and that remains our primary focus. We expect the benefits to start reflecting in our profitability from this quarter onwards, with this quarter's numbers likely to be quite strong," Mehta said.

Since the change in ownership, HNGIL has added 1,100-1,200 tonnes per day of manufacturing capacity, he added.

The company fired its second furnace at Bahadurgarh in Haryana last week, doubling the capacity of the unit from 300 to 600 tonnes a day.

The development would increase the company’s operational capacity to approximately 2,500-2,600 tonnes per day against an installed capacity of 4,300.

"When we bid for this company in 2022, the operational capacity was 2,600 tonnes a day on paper. By the time we took over, it had come down to 1,100 or 1,200. We had to rework all our numbers. This one year has been about getting that capacity back," he said.

Rebuilding capacity has been capital intensive, and fuel and gas, which make up 20 to 25 per cent of costs, are revised every fortnight and cannot be passed on in full, he said.

The company’s Puducherry plant was re-commissioned in February, adding 330 tonnes a day in capacity.

The firm has also established a facility in Naidupeta, Andhra Pradesh, bringing in an additional 650 tonnes a day.

Its Rishra facility, near Kolkata, has an installed capacity of around 950 tonnes a day.

Mehta said expanding its exports was a priority and the European market provides good opportunity because their domestic glass industry is facing problems with high energy prices and labour costs.

"Somebody has to fill that gap, and we want to be the best quality player. The Prime Minister himself asked us to make India a glass export hub," he added.

(With inputs from PTI)