HNG PLANS Rs34-CR EXPANSION
Article Abstract:
The Hindustan National Glass (HNG), a producer of glass bottles, vials and tumblers, has evolved a Rs34 crore expansion-cummodernisation plan. It plans to set up a Rs15 crore 6.2 mw power unit at its plant in Bahadurgarh in Haryana to reduce the energy costs and supply electricity uninterruptedly. It will also install sophisticated and hi- tech equipment at the Bahadurgarh plant at a cost of Rs9 crore. HNG also plans to raise the production capacity of its plant at Rishra in West Bengal to 8,500 tonnes per annum from 6,500 tonnes at a cost of Rs6.6 crore. It proposes to fund its expansion-cum-modernisation plans through a Rs14.7 crore rights issue and medium-term loans from financial institutions. (ag)
Comment:
Indian producer of glass bottles, vials and tumblers has evolved a Rs34 crore expansion-cum-modernisation plan
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
HB PORTFOLIO LAUNCHES HOSTILE BID FOR INDO-GULF IND
Article Abstract:
HB Portfolio Limited (HBPL) has made an open offer to acquire 32 lakh equity shares of Rs10 each from Indo-Gulf Industries Limited (IGIL), that accounts for 31.36 percent equity in IGIL. HBPL along with its associates HB Stockholdings Limited (HBSL) and HB Leasing and Finance Company Limited (HBLF) and HBSL's subsidiary Mount Finance Ltd hold an aggregate 11.07 lakh shares in IGIL. HBLF is facing a legal dispute with the promoters of IGIL, Mr BK Aggarwal, Dr SK Garg and Mr SK Garg and Delhi Stock Exchange Association Limited over the allotment of 32 lakh shares. IGIL has received an interim order from the Delhi High Court during April 1998 against listing of the disputed 32 lakh equity shares till it receives fresh orders from the court. (gs)
Comment:
Makes an open offer to acquire 32 lakh equity shares of Rs10 each from Indo-Gulf Industries
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
PEPSI PLANS TO INVEST Rs16 CR ON BANGALORE BOTTLING PLANT
Article Abstract:
PepsiCo India Holdings plans to invest Rs16 crore in Pepsi Foods (PF) to expand the capacity of the bottling plant at Nelamangala near Bangalore. The bottling plant's capacity will be hiked by 250 bottles per minute (bpm) from its existing capacity of 1,200 bpm. PF is planning to expand the capacities of its Kumbalgod plant by 300 bpm. It plans to set up a Rs35 crore plant at Coimbatore in 1999. It plans to launch juice variants under its existing Slice brand in 1999. PF's Mirinda is the market leader in the orange drink segment with 53 percent share. (rk)
Comment:
PepsiCo India Holdings plans to invest Rs16 crore in this firm to expand capacity of bottling plant at Nelamangala
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: WHIRLPOOL OF INDIA: CAUGHT IN THE RECESSION WHIRLPOOL. BESTAVISION ATTRACTS HITACHI, HAIER, DNF FOR TIE-UPS MERGER OF FINANCIAL ARM TO BOOST WoI's BORROWING CAPACITY
- Abstracts: ICICI PLANS Rs300-CR BONDS ISSUE IN DEC. ICICI ANNOUNCES FOURTH RETAIL BONDS ISSUE. ICICI FIXES ISSUE SIZE AT Rs300 CR
- Abstracts: DEWAN HOUSING FINANCE CORPORATION LIMITED LIC HOUSING RECORDS 13% JUMP IN NET. DEWAN HOUSING FINANCE POSTS 33% RISE IN NET
- Abstracts: SYNDICATE BANK EYES Rs850-CR HOUSING LOAN DISBURSALS HDFC SLASHES INTEREST RATES FOR HOUSING LOANS. SYNDICATE BANK TO TIE UP WITH CONSUMER LOANS COS
- Abstracts: JK TYRE PLANNING Rs100 Cr EXPANSION ELGI TYRE's NET PROFIT UP 17 PER CENT TYRE INDUSTRY SKIDS AS LEVY GOES UP