Tilaknagar Industries, Indian Made Foreign Liquor manufacturer, has acquired Srirampur Grains and P.P. Caps. However, the company did not disclose the financial details of the acquisition.

The company that has acquired 100 per cent stake in Srirampur Grains needed large quantities of grains. This acquisition will help the company to source grains directly from the farmers, thus reducing raw material cost and leading to higher yield. The company has also acquired P.P. Caps that will help reduce the raw material costs relating to bottle caps, which was an important component of its expenditure.

P.P. Caps is establishing a plant in Shrirampur, Maharashtra, to manufacture 25 mm and 29/35 mm caps having a capacity of 6,00,000 and 50,000 caps respectively per day. The plant was expected to commence commercial production by June 2012.