Tilaknagar Industries’ wholly-owned subsidiary -- Prag Distillery (P) (Prag) has received the requisite approvals from Andhra Pradesh Government to commence production at its expanded facility with immediate effect. With this expansion, the bottling capacity at Prag will increase from 6 lakh cases per annum to 36 lakh cases per annum, marking a six-fold increase.
Last year, the Board of Directors of the company had approved an investment of Rs 59 crore, including the licence fees and interest payments of nearly Rs 34 crore for expansion at Prag. The company has since concluded the capital expenditure to expand the capacity and the associated infrastructure at Prag. The enhanced capacity at Prag would be able to meet nearly 50 per cent of the company’s volume requirements in Andhra Pradesh.
Tilaknagar Industries is a leading manufacturer of liquor across the major categories - Whisky, Brandy, Rum, Vodka and Gin. The company has a leading market position in the southern and western parts of India.
