Hindustan National Glass & Industries, manufacturer of container glass, is
looking out for overseas acquisitions, especially in Africa and the Middle-East,
and hopes to clinch a few deals by early next fiscal.
According to sources, the deal size could be in the range of Rs 300-400
crore. Thee company was eyeing firms with production capacity of 300 tpd.
The company also plans to set up a greenfield project for flint glasses at an
investment of around Rs 500 crore over the next 18 months. It will be setting up
the plant with a capacity of 350-400 tpd, and has already identified few sites
in south India for setting up the plant.