HNGIL revival kicks off with Kolkata as Madhvani Group's INSCO takes charge

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Uganda's Madhvani Group, through INSCO, has successfully acquired Hindustan National Glass & Industries Ltd (HNGIL) for Rs 2,250 crore. New chairman Shrai Madhvani visited Kolkata facilities, outlining a revival plan with Rs 1,000 crore capex for modernization and diversification. Employees express optimism about the group's global turnaround expertise.