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Resolution Plan for Hindusthan Glass to Change

Mint Ahmedabad

|

June 09, 2025

INSCO was in a race with AGI Greenpac Ltd to acquire India's largest container glass manufacturer

- Priyanka Gawande

Independent Sugar Corp. (INSCO) will submit a revised resolution plan worth ₹2,257 crore to Hindusthan National Glass & Industries Ltd's (HNGIL) committee of creditors in an attempt to turn around the bankrupt container glass manufacturer, a counsel involved in the matter said on the condition of anonymity.

The resolution plan has been revised following a Supreme Court directive that ordered INSCO to match its offer with its rival bidder.

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EV, hydro boom to power 6x rise in battery storage by ‘47

India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.

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India’s cabinet on Wednesday green-lighted a ₹7,280 crore scheme to incentivize the manufacture of rare earth permanent magnets over seven years.

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Taxpayer base soars, but return filings lag sharply: CBDT data

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Market nears peak on dollar tailwind

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Cabinet approves ₹7,280 cr rare earth magnets scheme

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Kharif grain production likely to rise to 173 mt

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Reliance JV, L&T to plough $13.5 bn into data centres

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No selloff, SAIL unit to get cash infusion

The Union steel ministry is preparing to infuse more than ₹400 crore into Salem Steel Plant, the stainless-steel unit of the Steel Authority of India Ltd (SAIL), marking a sharp policy turn from its earlier intent to privatize the loss-making mill, according to two senior ministry officials.

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Lord’s Mark Industries Ltd. acquires Renalyx, redefining the future of dialysis

Lord’s Mark Industries Ltd., a diversified healthcare and technology-led group, announced the acquisition of an 85% stake in Renalyx Health Systems Private Limited—the Bengaluru-based, med-tech innovator behind India’s first fully indigenous, Al and cloud-enabled smart hemodialysis machine.

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Eris completes Swiss Parenterals buyout

The deal will be executed via preferential share-swap to seller Naishadh Shah.

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