AGI Greenpac- on the cusp of growth?

I understand that the next hearing on SC is on next week ( on HNG acquisition). Let’s see if case can come up for hearing.

Anyway this HNG acquisition has unnecessarily created a big overhang on AGI.
Mu estimation is that even without HNG acquisition, AGI should organically do very well.

The HNG furnace are old and inefficient. They haven’t undergone servicing for quite long time now resulting in unfortunate fires.
The recent fire in HNG’s Nashik plant (650 tpd) (link below) has knocked out the supply chain of many customers and they may shift to alternate suppliers like AGI.

With incentives to wine Industry in Maharashtra kicking back in (see Sula’s) rally last week, growing beer demand in summers, food and Pharma shifting to more healthy and environmentally safe glass packaging, AGI is bound to gain. AGI is one of the largest and most efficient glass manufacturers not only India but globally.