HINDUSTHAN NATIONAL GLASS & INDUSTRIES LTD

HINDUSTHAN NATIONAL GLASS & INDUSTRIES LTD ( AN ULTIMATE BUY)

A NAME TO RECKON WITH : HNGIL, the largest and most prolific producer of glass containers, operating at present 10 furnaces at five locations (Rishra, Bahadurgarh , Pondicherry, Rishikesh, & Nashik ) with 42 production lines. In addition HNG has acquired a Glass Container manufacturing unit of M/s Haryana Sheet Glass Limited at Neemrana, Rajasthan. A fully integrated Group having its own foundry for casting, well equipped workshop for moulds and spare parts and captive power plants and quarries for sand with fleet for finished goods movement has given competitive advantage to its customers.

A MARKET LEADER : In the 5 ml - 3200 ml segment, HNG Group is the undisputed market leader catering to around 70% of the Domestic Market in the pharmaceutical, beverage, processed food, cosmetic and liquor sectors covering industry majors like, CocaCola, Dabur, GlaxoWellcome, Nestle, Pepsi, Reckitt Benckiser (India) Ltd., Smithkline Beecham, UB Group etc. Exports to South East, Middle East, Africa and First World Countries in Europe & North America.

ON SUPER FAST GROWTH TRACK: Its spirit to ascend newer parameters remains as insatiable as ever. The days ahead are gleaming with promise. With modernisation, upgradation and foresight to meet the emerging and more distinctive demands of the customers, the Group is all set for unprecedented achievements. With projected planned investment of Rs.3000 million in the next three years. Touching life in more ways than one and in total tune with the harmony of nature.

MILESTONES : In order to keep pace with changing technology and demands, the Group has acquired the Glass Division of L & T at Nashik in October 2005, having one furnace of 320 TPD melting capacity. HNGIL has also entered into a scheme of amalgamation with Ace Glass Containers (ACE) which scheme has been sanctioned by the Hon'ble High Courts of Kolkata and Delhi. Post amalgamation HNGIL's un-audited turnover as on 31.03.2008 stands at a figure more than Rs. 1100 crore.

it has posted 55.88 cr for nine months vs.22 cr last year .for full year expecting after amalgamation
of Ace Glass Containers Ltd turnover could cross 1000cr and profit could be 100cr

it has fallen from 1800 to 617 today .buy for long term target of 1000 rs in next 3months .

HNG Float Glass Limited

HNG group is planning to come up with an integrated 600 TPD Float Glass Project in the State of Gujarat at a capital outlay of Rs.550 crores. The commercial production for architectural processing and building glass will start by 1st quarter of 2008-09.

expecting 1500cr turnover for 2008-09 .and the shortage of glass. opening of more retail stores

and more +ve factors lead the company.