Latest news about Hindustan National Glass & Industries
NCLT Approves INSCO's Rs 2,257.83 Crore Resolution Plan for Hindusthan National Glass 2 days ago
The National Company Law Tribunal (NCLT), Kolkata Bench, has approved Independent Sugar Corporation Limited's (INSCO) resolution plan for Hindustan National Glass & Industries Limited (HNGIL). The plan, valued at Rs 2,257.83 crore, offers a 59.64% recovery rate on admitted claims of Rs 3,785.55 crore. It includes an upfront cash payment of Rs 1,901.55 crore and a deferred payment of Rs 356.28 crore over three years. INSCO commits to Rs 1,000 crore in capital expenditure for rebuilding furnaces and equipment. The plan proposes to fully extinguish existing shareholders' equity and reconstitute HNGIL's Board of Directors post-implementation.
NCLAT Overturns NCLT's Decision on Hindusthan National Glass Industries' Resolution Professional Jul 13, 2025
Hindusthan National Glass Creditors Approve ₹2,257 Crore Resolution Plan Jun 17, 2025