HNGIL Appoints Loknath Sahoo as Finance Controller

12 Jan 2026 CW Team

Hindusthan National Glass & Industries Limited (HNGIL), India’s largest container glass manufacturer, has announced the appointment of Loknath Sahoo as Finance Controller, effective immediately. The appointment follows HNGIL’s acquisition by Independent Sugar Corporation Limited (INSCO), part of the Madhvani Group, in September 2025.

Loknath Sahoo brings over two decades of experience in financial management and business strategy across multinational manufacturing organisations, including Tyco, Caterpillar, 3M and Otis. In his new role, he will oversee finance operations, drive strategic financial initiatives and support business transformation under HNGIL’s new ownership structure.

His expertise spans strategic financial planning, budgeting, supply chain finance, working capital optimisation, taxation and finance transformation. He has a strong track record in cost optimisation, governance strengthening and leading cross-functional teams.

Prior to joining HNGIL, Loknath Sahoo served as Chief Financial Officer at Otis Indonesia, where he led initiatives in bank and supplier financing, factoring and capital structuring, delivering measurable business improvements.

Commenting on the appointment, Suraj Mehta, Chief Strategy & Corporate Affairs Officer, HNGIL, said the appointment aligns with the company’s new growth phase under INSCO’s leadership.

Loknath Sahoo said he looks forward to strengthening financial performance, driving operational excellence and creating long-term value aligned with HNGIL’s renewed strategic direction.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..