Hindusthan National Glass and Industries Ltd.

YEAR                       EVENTS
 1946 - The company was originally incorporated on 23rd February,
 under 
        the name of Hindustan National Glass Manufacturing Co. Ltd..
        On 22nd November, 1971 the name was changed to the present
 one.
        The company was promoted by Somany Brothers.
 
      - The main objective of the company is to manufacture glass 
        containers.
 
      - One more glass melting furnace with four glass forming
 machines
        were added.  To meet increasing demand one more plant was
        installed in 1962.
 
 1993 - The company proposed to install on-line electronic inspection
        equipment in a phased manner to ensure production of
 consistent
        zero defect containers.
 
      - 47,40,960 bonus equity shares allotted.
 
 1994 - The Company increased the capacity of one of its furnace by 
        22,000 tonnes to capitalise burgeoning packaging industry.  
        During the year, the Company installed on-line electronic
        inspection equipment at Bahadurgarh on two pharmaceutical
        production lines.
 
      - On a part of diversification the company acquired mining
 rights
        in Rajasthan and EOU status for manufacture of polished
 Granite
        Slabs and Tiles.
 
 1995 - The company proposed to install a new furnace to increase
        production by 50,000 tonnes per annum at Bahadurgarh.
 
      - 1,227,072 Right Equity shares allotted to the existing 
        shareholders in ratio of 1:5.
 
 1996 - The largest furnace at Bahadurgarh plant was shut down for 4
        months for relining.
  
      - The company undertook massive modernisation plan at both the 
        plants to face stiff competition from domestic and overseas 
        markets.
 
 1999
 
 -HNG has initiated a Rs 40-crore capacity enhancement and upgradation
 plan at its factory in Rishra West Bengal
 
 2003
 
 -Hindusthan National have recommended payment of dividend @ 5% on
 equity shares of the company 
 
 2004
 
 -Hindusthan National, the commercial production at Furance No.2 of
 the Company's Rishra Unit has commenced
 
 -Hindusthan National have recommended payment of Dividend @7% i.e. Rs
 0.70p per share on Equity Shares of Rs 10/- each
 
 2005
 
 -Hindusthan National has recommended payment of dividend @ 7% i.e. Re
 0.70 per share on 11043368 Equity Shares of Rs 10/- each 
 
 2006
 
 -Hindusthan National has recommended payment of Dividend @ 7% i.e. Re
 O.70 per share
 
 2007
 
 -Hindusthan National Glass has purchased the fixed assets of IFCI
 Ltd.
 
 2008
 
 -Hindusthan National has recommended a dividend of 40% i.e. Rs 4/-
 per share of the Company.
 
 2009
 
 - Shri Laxmi Narayan Mandhana has been appointed asChief Financial
 Officer of the Company.
 
 -Hindusthan National has recommended a dividend of 50% i.e. Rs 5/-
 per equity share of the Company.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2010
 
 -Hindusthan National Glass has entered into a Joint Venture Agreement
 with OMCO International NV, Venecolaan 10, 9880 Aalter, Belgium, to
 jointly set up and operate mould manufacturing facilities in India
 for the design, manufacturing, marketing and sales of moulds for
 glass packaging products.
 
 -Shri V. Sridar, has been inducted as an Independent Director of the
 Company.
 
 2011
 
 -HNG announces acquisition of Agenda Glas AG, Germany, marking
 international manufacturing foray
 
 -Shri. L N Mandhana, Sr Vice President -cum-CFO has been appointed as
 the Company Secretary of the company
 
 2012
 
 -Hindusthan National has recommended a dividend of 75% i.e. Rs. 1.50
 paise per equity share of the Company having face value of Rs. 2/-
 each.
 
 -Hindusthan National Glass and Industries celebrates 60 glorious
 years
 
 -Commencement of Commercial Production at Naidupeta Unit
 
 2013
 -Installed capacity increased to 4395 TPD with the introduction of
 SNR and NDP plant of 650 TPD capacities each.
 -Hindusthan National Glass & Industries Ltd has informed  that
 Hindusthan National Glass & Industries Ltd (HNGIL) and other
 promoters of HNG Float Glass Limited (HNGFL) had signed a joint
 Venture Aggreement.
 -Entering into Joint Venture Agreement with M/s. Trakya Cam Sanayii
 AS of Turkey.
 
 2014
 - Approved the Scheme of Amalgamation of Glass Equipment (India)
 Limited and Quality Minerals Limited with the Company.