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HNGIL to merge Glass Equipment (India) and Quality Minerals with itself

12 Feb 2014 Evaluate

Hindusthan National Glass & Industries (HNGIL) has received an approval for merger of Glass Equipment (India) and Quality Minerals with itself. The board of directors at its meeting held on February 10, 2014 has approved for the same.

Hindusthan National Glass & Industries offers premium glass containers for every kind of application. The company is an acknowledged market leader of today and producing 6 million bottles per day ranging from 5 ml to 3200 ml containers for multifarious industries like pharmaceuticals, beverages, processed foods, cosmetics, liquors etc.

Peers
Company Name CMP
Asahi India Glass 1055.10
Borosil Renewables 419.60
Borosil Scientific 109.95
Haldyn Glass 135.75
Sejal Glass 873.25
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