Hindusthan National Glass to Invest Up to ₹500 Crore in Expansion

Hindusthan National Glass plans to invest ₹300-500 crore over the next five months to expand production, restore capacity and support a return to profitability while increasing exports to Europe.

Hindusthan National Glass & Industries Ltd (HNGIL) plans to invest between ₹300 crore and ₹500 crore over the next five months to expand manufacturing capacity, strengthen operations and meet existing orders. The container glass manufacturer is aiming to restore production levels and return to profitability following its acquisition by the Africa-based Madhvani-Turner Group.

The company has already invested approximately ₹700 crore since Independent Sugar Corporation Ltd, backed by the Madhvani-Turner Group, acquired HNGIL for ₹2,250 crore through the insolvency resolution process in September 2025. The fresh investment will support capacity expansion and operational expenses during the remaining months of the current financial year.

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HNGIL Chief Strategy Officer Suraj Mehta said the company's revenue growth is closely linked to its ability to restore production capacity. The company expects improved output and the fulfilment of accumulated orders to contribute to a return to profitability from the October-December quarter of 2026.

Since the ownership change, HNGIL has added approximately 1,100-1,200 tonnes per day of manufacturing capacity. The company recently activated its second furnace at its Bahadurgarh facility in Haryana, doubling the plant's production capacity from 300 tonnes to 600 tonnes per day. As a result, HNGIL's operational capacity has risen to approximately 2,500-2,600 tonnes per day, compared with an installed capacity of 4,300 tonnes per day.

The company has also restarted production at its facilities in Puducherry and Naidupeta, Andhra Pradesh. The Puducherry plant resumed operations in February with a capacity of around 330 tonnes per day, while the Naidupeta facility restarted in August at 650 tonnes per day. The Rishra plant near Kolkata has an installed capacity of approximately 950 tonnes per day.

Alongside domestic expansion, HNGIL is prioritising exports, particularly to Europe, where high energy and labour costs have created challenges for local glass manufacturers. The company aims to use its Indian manufacturing facilities to expand its presence in international container-glass markets.

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However, rising fuel and gas costs remain a challenge, accounting for around 20-25% of the company's costs. HNGIL's ability to improve profitability will depend on capacity utilisation, cost management and the execution of its expansion plans.