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The Economic Times
The Economic Times
Veer Sharma

Allied Blenders and Distillers shares in focus after Telangana grants malt spirit manufacturing licence

Allied Blenders and Distillers Allied Blenders Telangana

Shares of Allied Blenders and Distillers Ltd are likely to be in focus on Wednesday after the company received a licence from the Commissioner of Prohibition and Excise, Telangana, Hyderabad, to manufacture malt spirits for potable purposes at its facility in Rangapur Village, Pebbair Mandal, Wanaparthy District, Telangana.

The development gains significance as the licence allows Allied Blenders and Distillers to manufacture around 4.4 million BL of malt spirits per annum, subject to the prescribed terms and conditions and applicable Telangana excise laws and rules.

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