Hindustan National Glass & Industries Ltd (HNGI), a major player in the domestic glass container industry, said it hopes to post a turnover of Rs 180 crore - net of excise - during the year ending 31 March 1999. The company is also hopeful of maintaining a 25% share of the domestic market in the long term. Vice-President, Mr V S Modi, said financial 1998-99 would see the company's turnover go up by a little over 10% from Rs 162 crore recorded in 1997-98. The increase in sales would be accounted for by higher sales volumes, rather than by increased prices of the company's products. The company's two plants at Rishra and at Bahadurgarh - with a combined production capacity of 180,000 tonnes per annum of finished products - make glass containers, which find wide applications in all types of industries: food, beverages, pharmaceutical, cosmetics, liquor etc.
