Shares of Associated Alcohols & Breweries Ltd (AABL) rose over 3.77% to Rs 1,016.30 on Tuesday after the company announced it has received an SL-1 license from the Excise Department, enabling it to commence malt spirit production at its Barwaha facility in Madhya Pradesh.
In a regulatory filing made on October 7, AABL confirmed that it has officially started the manufacture, processing, and maturation of malt spirits at the Barwaha unit. The move marks a key expansion milestone for the company, which has been strategically diversifying its production base and product portfolio.
According to the company, this license approval will significantly enhance operational efficiency and product range. The addition of malt spirit production capability is expected to:
- Expand AABL’s product range by adding malt-based spirits to its existing lineup.
- Increase total production capacity, supporting higher output and efficiency.
- Position the company for market growth, particularly in the premium spirits segment.
Headquartered in Indore, AABL operates a modern manufacturing facility at Khodigram, Tehsil Barwaha, District Khargone. The company is one of India’s leading distilleries and alcoholic beverage producers, supplying to both domestic and international markets.
At the time of writing, AABL’s market capitalization stood near Rs 1,000 crore, with the stock trading in a strong uptrend following the expansion announcement. Investors will closely watch the company’s upcoming quarterly results to assess how this operational enhancement impacts revenue and margins.
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