India Glycols Ltd (IGL) witnessed a 6% surge in share price, reaching a high of Rs 1,173, following its strategic entry into the premium alcoholic beverages segment.
This expansion, achieved through a brand licensing deal with Bangalore-based Amrut Distilleries, enables IGL to manufacture, sell, and distribute select premium labels from Amrut’s portfolio, including MaQintosh Whisky, Old Port Rum, Bejoice XO Brandy, and MaQintosh White Label Whisky, across North India.
Known for producing high-quality Indian Made Foreign Liquor (IMFL), IGL is now venturing into a more lucrative market segment. Amrut Distilleries, renowned for its Indian single malt whiskies, will oversee product quality and supply packaging materials to ensure brand integrity. This partnership marks a significant move for IGL as it leverages Amrut’s premium positioning to enhance its portfolio and market presence.
As of 12:24 pm, India Glycols shares were trading 6.29% higher at Rs 1,171.45 on the NSE.
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