Chief Strategy Officer Suraj Mehta said the additional Rs 300–500 crore will be deployed during the remaining part of the financial year for capacity expansion and operational expenses. The company expects the investment to support revenue growth and improve financial performance from the December quarter.     Since the ownership change, HNGIL has added 1,100–1,200 tonnes per day of manufacturing capacity. Last week, it fired the second furnace at its Bahadurgarh plant in Haryana, doubling the unit’s capacity from 300 tonnes per day to 600 tonnes per day.     With this expansion, HNGIL’s operational capacity has risen to about 2,500–2,600 tonnes per day, against an installed capacity of 4,300 tonnes per day. The company is working to bring more of its installed capacity back into operation as demand and order flows improve.     HNGIL is also strengthening its export focus, particularly towards Europe. Its Naidupeta facility in Andhra Pradesh was recommissioned in August with a capacity of 650 tonnes per day, making it Asia’s largest single-furnace container glass plant and the company’s export hub.    

The company’s Puducherry unit was recommissioned in February with about 330 tonnes per day of capacity, while its Rishra plant near Kolkata has an installed capacity of around 950 tonnes per day. HNGIL said the pending orders received during the insolvency resolution process are being supplied during the current financial year.