From THE HINDU group of publications
Sunday, July 08, 2001


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Hindustan National Glass CP

CARE has reaffirmed the PR1+ rating for the Commercial Paper programme of Hindustan National Glass and Industries for Rs 10 crore.

The rating reflects the company's proven track record in the container glass industry, strong market position, broad product mix, diversified customer base, superior cost structure in view of large scale of operations, moderate profitability margins, high level of cash accruals and adequate liquidity position.

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