Hindusthan National Glass & Industries Ltd (HNGIL) plans to invest ₹300-500 crore over the next five months to expand manufacturing capacity, after restoring several idled operations and preparing to return to profitability, the company said.
The Mumbai-based container glassmaker, now part of the Africa-based Madhvani-Turner Group, has already invested around ₹700 crore since its acquisition through the insolvency resolution process. Independent Sugar Corporation Ltd acquired HNGIL for ₹2,250 crore under the Insolvency and Bankruptcy Code in September 2025.
The additional investment will fund capacity expansion and operational expenses during the remaining part of the current financial year, HNGIL Chief Strategy Officer Suraj Mehta…