United Spirits (USL) plans to invest up to Rs 700 crore in capacity expansion in the next fiscal. The company also plans to launch four new brands in the next few months in order to enhance its portfolio. The four new brands would include a premium whiskey, a premium vodka and a prestige rum. The company expects to close the current fiscal at nearly 112-113 million cases
Investment in capacity expansion would be through acquisitions of distilleries and upgrading its own existing distilleries will improve USL's self sufficiency for ENA (Extra Neutral Alcohol) by 40%. ENA is used as a raw material to make Indian Made Foreign Liquor (IMFL). The company, which exports its products to various Asian and African countries, is looking to further expand its exports to the region.crackcrack
