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United Breweries to expand manufacturing capacity by about 15%

22 Dec 2011 Evaluate

United Breweries (UB) is planning to expand its manufacturing capacity by about 15% over the coming months. The company will make investments exceeding Rs 1,000 crore over the next four years. The company is setting up two Greenfield breweries -- one near Mysore in Karnataka and the other at Patna in Bihar.

Recently, the company’s promoters increased their stake in the company by 3.22%. The promoters' holding in the company now stands at 74.75%.

United Breweries is maker of Kingfisher beer and Heineken beer in India. Kingfisher is largest selling beer in India that commands 29% of market share. The company has presence in 52 countries.

Peers
Company Name CMP
United Spirits 1415.00
United Breweries 1189.80
Radico Khaitan 4520.00
India Glycols 294.70
Allied Blenders&Dist 707.30
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