1 week ago
HNGIL to Invest ₹280 Crore, Double Bahadurgarh Capacity
Hindusthan National Glass & Industries Ltd, also called HNGIL, makes glass.
It plans to invest ₹280 crore at its factory in Bahadurgarh, Haryana.
The factory currently makes 300 tonnes of products each day.
HNGIL wants it to make 600 tonnes each day.
The company says this change will happen within 60 to 90 days.
Some of the money will pay for equipment and other capital needs.
Another part will cover operating costs over three years.
HNGIL says the investment will help create jobs and support Haryana’s economy.
Hindusthan National Glass & Industries Ltd will invest ₹280 crore in its Bahadurgarh facility in Haryana.
The company plans to double production capacity from 300 tonnes per day to 600 tonnes per day.
The capacity expansion is expected to be completed within 60 to 90 days.
The investment includes ₹180 crore in capital expenditure and ₹100 crore in operating expenditure over three years.
HNGIL Chairman Shrai Madhvani said the project reflects confidence in Haryana and a commitment to jobs and economic growth.
- Who
- Hindusthan National Glass & Industries Ltd (HNGIL), led by Chairman Shrai Madhvani.
- What
- The company will invest ₹280 crore to double production capacity at its Bahadurgarh facility from 300 to 600 tonnes per day.
- Where
- The Bahadurgarh manufacturing facility in Haryana, India.
- When
- The capacity expansion is planned within 60 to 90 days; ₹100 crore in operating expenditure is planned over three years.
- Why
- HNGIL said the investment reflects confidence in Haryana as a manufacturing destination and a commitment to jobs and economic growth.
Key facts
- Company
- Hindusthan National Glass & Industries Ltd (HNGIL)
- Planned investment
- ₹280 crore
- Facility
- Bahadurgarh manufacturing plant
- Current capacity
- 300 tonnes per day
- Target capacity
- 600 tonnes per day
- Capital expenditure
- ₹180 crore
- Operating expenditure
- ₹100 crore over the next three years
- Expansion timeline
- 60 to 90 days
Quotes
Shrai Madhvani
Chairman of Hindusthan National Glass & Industries Ltd
“"Our decision to invest Rs 280 crore in Bahadurgarh and double the plant's capacity within 60 to 90 days reflects our confidence in Haryana as a manufacturing destination and our commitment to creating jobs and supporting the state's economic growth."”
CNBC TV 18
timesnownews.com
Sources
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