Joint Venture25 Jul 2024, 07:18 pm
Almondz Global Securities' Joint Venture Starts Construction of 200 KLPD Manufacturing Plant in Orissa
AI Summary
Almondz Global Securities Limited, through its wholly owned subsidiary, holds 43.88% stake in Premier Green Innovations Private Limited (formerly Premier Alcobev Private Limited). This joint venture company has commenced the construction of a new manufacturing plant in Sambalpur District, Orissa, after financial closure by the bank. The new plant will have a capacity of 200 KLPD, adding to the existing capacity of 285 KLPD at Sansarpur, Himachal Pradesh. The total project cost is estimated to be Rs. 280 crores, with a term loan of Rs. 210 crores and promoter's equity of Rs. 70 crores. This information is also available on the company's website at www.almondzglobal.com.
Key Highlights
- Almondz Global Securities' joint venture starts construction of a new manufacturing plant in Orissa
- The new plant will have a capacity of 200 KLPD
- The project cost is estimated to be Rs. 280 crores
- The funding is through a term loan of Rs. 210 crores and promoter's equity of Rs. 70 crores
- The new plant is in addition to the existing capacity of 285 KLPD at Sansarpur, Himachal Pradesh