Allied Blenders to Invest ₹115 Cr in New Malt Distillery
Allied Blenders and Distillers Ltd announced that its Management Committee has approved an investment of up to ₹115 Crores in its subsidiary, Minakshi Agro Industries LLP (MAILLP), for setting up a new Malt Distillery with a capacity of approximately 3 Million Bulk Litres per year and a Maturation Warehouse in Aurangabad, Maharashtra. The company will also provide an additional ₹10 Crores to MAILLP for cost overruns in existing projects. This strategic expansion aims to strengthen Allied Blenders' premium spirits portfolio by entering the Single Malt Whisky segment. The new distillery is expected to be operational by Q3 FY2028, with the cost overruns addressed by Q3 FY2027 for the bottling unit and Q3 FY2028 for the distillery.
Key Highlights
- Approves ₹115 Cr investment for new Malt Distillery and Warehouse.
- Subsidiary MAILLP to undertake the expansion project.
- Aims to enter the Single Malt Whisky segment.
- Additional ₹10 Cr allocated for cost overruns in ongoing projects.
- New capacity expected by Q3 FY2028.
Price Impact
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