USL to invest in glass plants

Vijay Mallya-led United Spirits (USL) will invest around INR 600 crore to set up glass manufacturing plants, trying to rein in volatile input costs.
USL is probably the biggest user of glass bottles …

Vijay Mallya-led United Spirits (USL) will invest around INR 600 crore to set up glass manufacturing plants, trying to rein in volatile input costs. USL is probably the biggest user of glass bottles by tonnage with its volume sales crossing 112 million cases (of 9 litres each) in the current financial year. India“s glass industry, which is dominated by players such as Hindustan National Glass (HNG), has increased the prices by 10-12% in the last few months.