Paper / Wood / Glass/ Plastic/ Marbles-Ind'l Goods/Svs-Industry-The Economic Times - Seite 4 
Adani to rival Reliance with PVC plant by 2028
Gautam Adani's conglomerate is venturing into the petrochemicals sector with a 1 million tonne per year PVC plant in Mundra, Gujarat, challenging Reliance Industries' dominance. This project aims to reduce India's import dependency amid growing PVC demand driven by agriculture, infrastructure, and housing sectors. The plant, slated for commissioning by fiscal 2028, will utilize acetylene and carbide-based production processes.
The Directorate General of Trade Remedies has initiated an anti-dumping investigation into imports of multi-layer paperboard from Indonesia, following a complaint from the Indian Paper Manufacturer Association. The association alleges that the domestic industry is suffering injury due to dumped imports.
Lenders approve Uganda-based INSCO's ₹2,257-crore plan for Hindusthan Glass
Creditors, including State Bank of India, have approved Independent Sugar Corp's revised ₹2,257 crore resolution plan for Hindusthan National Glass. The plan involves an upfront payment of ₹1,901.5 crore and a deferred payment of ₹356.3 crore. Secured financial creditors will recover 66.18% of their claims, with a ₹1,000 crore capital expenditure planned to revive HNG's operations.
INSCO submits Rs 2,752 crore revised resolution plan for HNGIL take over
Independent Sugar Corporation (INSCO) has presented a revised Rs 2,752 crore resolution plan to acquire Hindusthan National Glass & Industries Limited, aligning with a Supreme Court order. The plan includes Rs 2,200 crore upfront cash and Rs 550 crore in equity.
INSCO to submit improved resolution plan for Hindusthan National Glass
Independent Sugar Corp (INSCO), the approved bidder, will present an enhanced resolution plan of ₹356 crore for Hindusthan National Glass to lenders. This follows a Supreme Court directive to match AGI Greenpac's offer after rejecting the latter's plan due to delayed CCI approval. The resolution professional will now seek CoC approval for the revised INSCO plan by July 2025.