Radico Khaitan has entered into a
tripartite joint venture with NV Distillers and Ridhi Sidhi to set up a
distillery unit in Aurangabad district of Maharashtra with an investment of
Rs.160 crore.
The joint venture - Radico NV
Distilleries Maharashtra Ltd - in which Radico will have 36 per cent stake,
will manufacture ENA (extra neutralised alcohol), IMFL (Indian made foreign
liquor) and ethanol. It will also have a bottling facility.