Radico Khaitan Ltd, the second largest spirits maker, has commissioned its second grain-based distillery, set up in Aurangabad, Maharashtra with an investment of Rs 136 crore. The new facility has been associated to reduce transportation and logistics costs.
The company, which posted Rs 1,600-crore turnover last year, said it expects to close the current fiscal with 15-18 per cent growth.
The company will hold a 36% stake in the new company to be called Radico NV Distilleries Maharashtra, with the remaining 64% divided between the other two partners Riddhi Siddhi and NV Distillers. The company also owns Asia’s largest distillery in Rampur, Uttar Pradesh.
According to Mr Raju Vaziraney, Chief operating Officer, Domestic Business Radico Khaitan, the Aurangabad distillery will have an annual capacity of 36 million litres and will produce extra neutral alcohol, ethanol and Indian made foreign liquor (IMFL). It will also have a bottling facility.
The company, which posted Rs 1,600-crore turnover last year, said it expects to close the current fiscal with 15-18 per cent growth.
The company will hold a 36% stake in the new company to be called Radico NV Distilleries Maharashtra, with the remaining 64% divided between the other two partners Riddhi Siddhi and NV Distillers. The company also owns Asia’s largest distillery in Rampur, Uttar Pradesh.
According to Mr Raju Vaziraney, Chief operating Officer, Domestic Business Radico Khaitan, the Aurangabad distillery will have an annual capacity of 36 million litres and will produce extra neutral alcohol, ethanol and Indian made foreign liquor (IMFL). It will also have a bottling facility.
No comments:
Post a Comment