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Alcobrew Distilleries to invest Rs 100 cr

Monday, 03 Dec 2018
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Alcobrew Distilleries is planning to make an investment of around Rs 100 crore for marketing and setting up new manufacturing plants.

The company has received a letter of intent (LoI) from the Himachal Pradesh government to set up a malt distillation and saturation plant. About 70 percent of the malt production will be utilised for its own brands.

Out of the Rs 100 crore investment, Rs 65 crore will be funded through debt and the rest from internal reserves.

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