United Spirits Ltd.

BSE: 532432 | NSE: UNITDSPR
Mid Cap | Breweries & Distilleries
1406.20
16.15 (1.16%)
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United Spirits plans to invest Rs 3,000-crore on capital expenditure

Date: 14-06-2013

United Spirits, India’s largest spirits company is planning to invest Rs 3,000-crore on capital expenditure for the next three years. The company is also planning to set up an Rs 650-crore two-furnace glass plant in Andhra Pradesh in an effort to move away from buying glass from a single supplier, Hindustan National Glass and Industries. In this regard, the company has already acquired land for the glass plant.

Till the plant is set up, the company is looking at sourcing glass from China and is also planning to increase the usage of tetra packs for a number of its spirit brands.

United Spirits is the largest spirits company in India and a flagship entity of $2 billion UB group. It manufactures wide range of whisky, vodka, rum and other spirits.