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…