Hindusthan National Glass & Industries Ltd (HNGIL) plans to invest ₹300-500 crore over the next five months to expand manufacturing capacity and meet orders, as the container glassmaker seeks to return to profitability after a change in ownership and a prolonged capacity decline.
The Mumbai-based company, now part of the Africa-based Madhvani-Turner Group, has already invested around ₹700 crore in the business since Independent Sugar Corporation Ltd acquired it through the insolvency resolution process under the Insolvency and Bankruptcy Code for ₹2,250 crore in September 2025.
The additional investment during the remaining part of the current financial year will be used for capacity expansion and operational expenses, HNGIL Chief…