Associated Alcohols & Breweries Ltd approves expansion plan

Associated Alcohols & Breweries Ltd. has finalized the action plan for the expansion of its alcohol manufacturing capacity at its existing distillery complex situated at Khodigram Barwaha by adding the ENA manufacturing of 3 crores liters of alcohol production and looking to the opportunity, the plant will have dual features of both ENA & ethanol manufacturing.

Further along with the project the company is going to set up 8 MW turbine along with boiler. This will make the company power surplus and be capable to meet the in-house power requirements apart from the requirement of its ancillary units (pet bottle manufacturing division).

The estimated cost is about 110 crores and expected to be complete by June-2022.

Shares of ASSOCIATED ALCOHOLS & BREWERIES LTD. was last trading in BSE at Rs.422 as compared to the previous close of Rs. 434.05. The total number of shares traded during the day was 27028 in over 1077 trades.

The stock hit an intraday high of Rs. 440 and intraday low of 400. The net turnover during the day was Rs. 11663418.

Source : Equity Bulls

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