Hindusthan National Glass & Industries to invest up to ₹500 crore in next 5 months to ramp up capacity

Hindusthan National Glass & Industries (HNGIL), now part of the Africa-based Madhvani-Turner Group, is planning to invest ₹300-500 crore over the next five months to ramp up manufacturing capacity by the end of this fiscal year.

HNGIL, which was acquired by Independent Sugar Corporation through the insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) for ₹2,250 crore in September 2025, has invested around ₹700 crore in the business since the change in ownership.

”Another ₹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…