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Mount Shivalik Industries enters into contract brewing pact with MCC India

17 Jan 2013 Evaluate

Mount Shivalik Industries, as a strategic initiative, has entered into a contract brewing arrangement with Molson Coors Cobra India (MCC India), a subsidiary of Molson Coors Brewing Corporation, USA, pursuant to which MCC India has agreed to contract manufacture beer products for the company in the State of Bihar.

In connection with this contract, MCC India has placed a security deposit with the company. Further, the company believes that this contract arrangement with MCC India will help in consolidating and expanding its market share in Eastern India.

Mount Shivalik Industries is engaged in the business of manufacturing and marketing beer. The company, earlier known as Shivalik Packaging, got its present name on December 31, 1995. It is part of the Delhi-based Mount Shivalik group promoted by the Bali family, pioneers in the brewery business since the 1970s. The group has also entered the hospitality business with pubs, motels, beer gardens, and highway restaurants.

Mount Shivalik Inds. Share Price

6.33 0.00 (0.00%)
14-Oct-2021 18:01 View Price Chart
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Company Name CMP
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