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Empee Distilleries to invest in various projects

Wednesday, 30 Sep 2009
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Empee Distilleries, which plans to re-enter the beer business, has lined up Rs 200 crore for various projects by March 2010. The investment is to be funded through debt, equity and internal accruals.

The proposed investment is mainly for backward integration and greenfield projects in Karnataka and Andhra Pradesh.

The company has acquired land for its proposed 60 klpd grain-based distillery in Sangareddy district of Andhra Pradesh and has placed orders for the supply and erection of plant and machineries with Praj Industries. The project is expected to be commissioned by June 2010.

Empee has also acquired a bottling unit in Karnataka and is relocating the plant and machinery from Whitefield to Kolar. This is likely to be completed by the end of the current fiscal.

Besides, the company is also setting up a 500,000 hecto litre beer unit in Tamil Nadu through Apollo Alchobev, part of the Empee Group. The capacity of the plant can be raised up to 7,50,000 hecto litres.

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