Shares of Allied Blenders and Distillers Ltd. jumped 3% after the company announced receiving regulatory approval to increase its grain-based spirit production capacity by 15 lakh bulk litres for FY2024-25. The approval was granted by the Commissioner of Prohibition & Excise, Hyderabad on March 21.
With this expansion, the company’s total licensed production capacity rises to 615 lakh bulk litres at its Rangapur, Pebbiar, Wanaparthy District facility in Telangana. The capacity increase is effective immediately and remains valid until March 31, 2025.
Importantly, the company confirmed that no additional investment is required for this expansion, as the necessary infrastructure is already in place. The increase falls under Rule 10(4) of the Telangana Distillery (Manufacture of Spirits) Rules, 2006, subject to payment of applicable licensing fees.
Shares of Allied Blenders opened at ₹325.00, reaching an intraday high of ₹332.80 and a low of ₹324.10. The stock remains well below its 52-week high of ₹444.40, while its 52-week low stands at ₹282.05.
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