Pioneer Distilleries has stopped the manufacturing activities of the 100 Kilo Liters Per Day (KLPD) Molasses Based Extra Neutral Alcohol (MENA) plant(s) at its factory located at Nanded District in state of Maharashtra with effect from February 01, 2016 on account of shortage in water availability due to less rains during monsoon season in the region.
Subsequently, the company has explored various options of procuring water from various other sources for operating the MENA plant which have not been fruitful. The company now does not have an option other than to stop the operations of the said MENA plant for the aforesaid reason. The revenue of Rs 69.25 crore constituting 46 % of turnover of the company was contributed by the aforesaid MENA plant during the financial year 2014-15.
Pioneer Distilleries, a subsidiary of United Spirits is engaged in manufacturing of Alcohol. The factory is situated at Dharmabad of Nanded District of Maharashtra.
| Company Name | CMP |
|---|---|
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