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Pioneer Distilleries stops manufacturing activities at its Nanded plant

04 Mar 2016 Evaluate

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.



Pioneer Distilleries Share Price

180.90 0.00 (0.00%)
05-Jan-2023 18:21 View Price Chart
Peers
Company Name CMP
United Spirits 1303.00
United Breweries 1494.10
Radico Khaitan 3188.25
India Glycols 975.65
Allied Blenders 573.50
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