Latest news with #SGLTL
Hans India
5 days ago
- Business
- Hans India
Standard Glass Lining reports 38% jump in profit
New Delhi: Standard Glass Lining Technology Ltd has reported strong financial results for the first quarter of FY26, driven by healthy revenue growth, improved margins, and strategic global expansion. Nageswara Rao Kandula, Managing Director of SGLTL, said: 'We are pleased with our continued healthy performance this quarter, which reflects our unwavering commitment to our customers, investors, and all stakeholders. Improved execution has enabled us to deliver solid margins while expanding our global footprint. Our focus on innovation and product diversification is beginning to bear fruit in customer appreciation and market acceptance.' The company posted a total income of Rs178 crore, up 23.6 per cent year-on-year (YoY). EBITDA grew by 31.9 per cent YoY to Rs35 crore, with an EBITDA margin of 19.5 per cent. Profit After Tax (PAT) came in at Rs21 crore, marking a 37.6 per cent YoY increase, while Profit Before Tax (PBT) reached Rs28 crore, up 39.6 per cent YoY. The PAT margin stood at 11.9 per cent. During the quarter, the company entered into a long-term agency agreement with Singapore-based BioCon Solutions Pte Ltd. This agreement will facilitate the export of SGLTL's manufactured products to customers across Singapore, Indonesia, Malaysia, and Thailand, significantly strengthening its presence in Southeast Asia. The partnership leverages SGLTL's manufacturing expertise and BioCon's established distribution network. In a further push towards international expansion, SGLTL has also incorporated a wholly owned subsidiary, Standard Engineering Inc., in South Carolina, USA. This entity will serve the Industrial Products and Process Equipment segment and aims to enhance customer proximity and supply chain responsiveness across the North American market.
Hans India
15-05-2025
- Business
- Hans India
Standard Glass ties up with Japanese firms
Hyderabad: Standard Glass Lining Technology Ltd (SGLTL), a city-based engineering company recently listed on NSE and BSE, has announced a partnership with Japan's AGI Group and its affiliate GL Hakko to manufacture the world's first glass-lined shell and tube heat exchangers in India. Under the terms of a 20-year exclusive licensing agreement, SGLTL will assemble and market GL HAKKO's advanced heat exchangers domestically—a major technological leap for India's pharmaceutical and chemical manufacturing sectors. This collaboration marks India's entry into a highly specialized product segment that, until now, was completely dependent on imports. 'This is a historic opportunity,' said Nageswara Rao Kandula, Managing Director of SGLTL. 'Partnering with AGI and GL HAKKO—pioneers in glass-lined technology—is not just a milestone for our company, but a win for the entire Indian industry. We are now the first and only manufacturer of this product in India.' The global market for glass-lined shell and tube heat exchangers is estimated at over $2 billion, with the Indian market pegged at Rs2,000 crore. These exchangers offer significant advantages over traditional graphite-based systems, including enhanced corrosion resistance, longer life cycles, and improved safety for critical process applications.
Business Standard
14-05-2025
- Business
- Business Standard
Standard Glass edges higher after forging strategic partnership with Japan's AGI Group
Standard Glass Lining Technology (SGLTL) advanced 3.76% to Rs 158.65 after the company said that it has formed a strategic partnership with Japan's AGI Group to launch world's first glass-lined shell and tube heat exchangers in India. AGI is a global leader in advanced glass-engineered systems, offering solutions for the pharmaceutical, biotech, and chemical sectors. Its sister company, GL HAKKO, focuses on high-quality glass-lined reactor and heat exchanger technologies. The collaboration would grant the company an exclusive 20-year license to assemble and market GL HAKKOs world-class glass-lined shell and tube heat exchangers in India. Indias pharmaceutical and chemical industries have long relied on graphite heat exchangers. In contrast, glass-lined shell and tube heat exchangers deliver superior durability, corrosion resistance, and process safety, representing a game-changing upgrade for critical process applications. The latent Indian market alone is estimated to be about Rs 2,000 crore at current estimated sales price of this product, while the global opportunity estimates exceed $2 billion. Standard Glass has already secured 150 advance orders ahead of domestic production. Nageswara Rao Kandula, managing director of SGLTL, said: We are deeply honoured to partner with AGI and GL HAKKO, a group with a legacy spanning over 75 years in glass technology. Until now, this highly specialized equipment was entirely imported. We are now proud to become the first and only manufacturer of this advanced product in India. Manufacturing of this product in India is estimated to commence by Q4 FY26 at our upcoming world-class, highly mechanised facility, with an initial estimated capacity of about 200 units per month. In a parallel initiative, SGLTL has also signed an exclusive agreement with GL HAKKO to produce conductivity glass-lined reactorsa first for India. Standard Glass Lining Technology is an integrated manufacturer of high-end pharmaceutical and chemical process equipment. With an innovation-driven approach, the company offers everything from standalone equipment to turnkey projects.
