A NAME TO RECKON WITH : HNGIL, the largest and most prolific producer of glass containers, operating at present 11 furnaces at six locations (Rishra, Bahadurgarh , Pondicherry, Rishikesh, Nashik and Neemrana) with 44 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 31.03.2009 stands at a figure more than Rs. 1300 crore.
the largest container glass manufacturer in India with a 65 per cent market share in the organised sector, is looking for overseas acquisition.
Talking to news-persons, Mukul Somany, Joint Managing Director and Chairman CII, Eastern Region, said here on Thursday that talks were on with some companies, having a turnover of Rs 400 crore, in the Middle East, Africa and South East Asia. He said that the company has plans to continue its growth at an impressive 20 per cent rate in financial year ‘09-10 and aims to cross the Rs 1500 crore milestone this year.Headquartered in the city, HNG’s pan-India manufacturing operations are spread over six centres - Rishra, Bahadurgarh, Rishikesh, Puducherry, Nasik and Neemrana - and its products are available in more than 20 countries.With 11 furnaces and 44 production lines, HNG has an installed capacity of 9.4 lakh ton per annum. HNG offers the widest range of bottles range, from 5 ml to 3200 ml, with downstream applications in the liquor, beer, beverages, pharmaceuticals processes food and cosmetics industries. The company had first introduced automatic glass container manufacturing plant in the country in Rishra in 1952.While detailing the plans for financial year 09-10, Somany said, “HNG’s vision is to become one of the foremost providers of glass container solutions globally. We plan to achieve long term growth and sustainable development by bringing in operational efficiencies and revolutionary concepts suc2.50 as lightweighing to the Indian glass packaging industry.HNG is investing more than Rs 350 crore on brownfield expansion and technology upgradation in its plants. The company has introduced the NNPB (narrow neck press and blow) technology for the first time in India and has invested Rs 100 crore for the introduction of the technology,” he said
company posted 1325cr turnover and 107.75 cr profit in 09 . first quarter it has posted 329cr turnover and 57.47 cr profit vs 22cr last year. operating margin jumped to 28.30 % vs 15.5 % last quarter and net profit margin jumps to 17 % vs 6.89 %
I am expecting 1500 cr turnover and net profit will be 180cr ( 100+ e.p.s) .
CURRENT MARKET PRICE AT 603 RS.EXPECTING 1000 RS IN NEXT 3 MONTHS TIME.
company has decided to split the Company's equity shares having face value of Rs 10/- each into equity shares having face value of Rs 2/- each.
