Piccadily Agro Industries saw its shares hit the 5% upper circuit limit after announcing a major Rs 1,000 crore investment plan.
The funds will be used to expand its existing distillery and malt production facilities in Indri (Haryana) and Mahasamund (Chhattisgarh), while also establishing a new international distillery in Portavadie, Scotland.
The company is also raising Rs 312 crore to finance these ambitious growth plans. With a focus on enhancing production capacity and strengthening its premium segment presence, Piccadily Agro aims to solidify its position in the global spirits industry.
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