Triveni Engineering & Industries Ltd to expand distillery capacity, commences production of country liquor

The Board of Directors of Triveni Engineering & Industries Ltd., at their meeting held today i.e. February 3, 2021, has considered and approved/taken on record the proposal for setting up two new distilleries of (i) 40 KLPD (grain based) at Muzaffarnagar, Uttar Pradesh ; and (ii) 160 KLPD (molasses/cane juice & syrup/grain based) at sugar unit situated at Milaknarayanpur, Dist. Rampur, U.P., subject to receipt of necessary statutory clearances, raising total distillation capacity to 520 KLPD at an aggregate cost of about Rs.250 crore.

The Company has, under its Alcoholic Beverages vertical forming part of Distillery operating segment, started producing country liquor towards the end of the current quarter at its bottling facility in the premises of its existing distillery in Muzaffarnagar, Uttar Pradesh, to facilitate forward integration of distillery operations. The Company holds an approval for bottling upto 52.8 lakh litres of potable alcohol on an annual basis which will be achieved in a phased manner.

Shares of TRIVENI ENGINEERING & INDUSTRIES LTD. was last trading in BSE at Rs.71.9 as compared to the previous close of Rs. 72.2. The total number of shares traded during the day was 62689 in over 528 trades.

The stock hit an intraday high of Rs. 74.35 and intraday low of 71.25. The net turnover during the day was Rs. 4583622.

Source : Equity Bulls

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