United Breweries has announced the resumption of its beer supply to Telangana Beverages Corporation Limited (TGBCL), effective immediately.
Following constructive discussions with TGBCL, the company has received assurances regarding the resolution of pricing and outstanding payment issues within a specified timeline. In the interest of consumers, workers, and stakeholders, this interim decision has been made, while continued engagement with TGBCL is expected during this period.
In the exchange filing, United Breweries shared, “The company has decided to resume the supply of its beer to Telangana Beverages Corporation Limited (TGBCL) with immediate effect. We have been in talks with TGBCL, and these have been constructive discussions. TGBCL has assured us to address our issues on pricing and outstanding payments in a time bound manner. Until we get more information, basis assurances, we have decided to restart our supplies to TGBCL for the time being.”
United Breweries is committed to ensuring a smooth supply chain and will monitor the situation closely for further updates.
