Hindusthan National Glass & Industries Ltd. (HNGIL) and other existing promoters of HNG Float Glass Ltd. (HNGFL) have established an equal Joint Venture (JV) partnership with Trakya Cam Sanayii AS of Turkey to pursue float glass manufacturing in India.

The two sides signed an agreement in January 2013, with the intention of jointly pursuing and developing float glass manufacturing in India; namely value added processed float glass such as high performance glazing glass and automotive glass.

The parties having complied with the relevant conditions precedent under the JVA, the joint venture transaction has now been consummated on 11th June 2013.