Pincon Spirit to set up PET manufacturing plant at Asansol

23 Jun 2017 Evaluate

Pincon Spirit has received its board's approval to set up Rice Bran Oil Refinery & Solvent Extract Automated Plant at Dankuni Industrial Area in West Bengal at a tentative cost of Rs 30.00 crore. The production capacity of the said plant will be 200 MT per day and will be captive use for own brand Pincon Rice Bran Oil in the proportion of 50% Pan India Distribution and marketing and 50% Corporate Tie-up for bulk supply.

The company has also received approval for setting up polyethylene terephthalate preform bottle (PET) manufacturing plant at Asansol, West Bengal at a tentative cost of Rs 20.00 crore with a production capacity of 10.00 lakh bottles per day for 100% captive use in own Bottling Unit of own brands.

Pincon Spirit is engaged in the business of Blending, Bottling and Wholesale Distribution of Indian Made Foreign Liquor (IMFL) Products viz. Rum, Whisky, Vodka, Brandy and Beer (alcoholic beverage).

Peers
Company Name CMP
United Spirits 1134.50
United Breweries 1736.90
Radico Khaitan 1726.45
Globus Spirits 664.80
Tilaknagar Inds 212.40
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