Associated Alcohols & Breweries Ltd allotted license to supply country liquor in 6 districts of MP

Associated Alcohols & Breweries Limited ("the Company") has been allotted the license for supplying Country Liquor in the allotted 6 districts of Madhya Pradesh (MP) for the FY 2024-25 to the Excise Department, Madhya Pradesh.

The estimated consumption is 183.60 lakhs proof litres.

This allotment is in the normal course of business, and the company has been supplying country liquor to the Excise Department, Madhya Pradesh over the years.

Further to clarify, the Company has the license for the Country liquor supply for FY 2023-24 for almost similar quantum.

Shares of Associated Alcohols & Breweries Ltd. was last trading in BSE at Rs. 498.65 as compared to the previous close of Rs. 470.85. The total number of shares traded during the day was 4381 in over 362 trades.

The stock hit an intraday high of Rs. 500.50 and intraday low of 474.70. The net turnover during the day was Rs. 2163159.00.

Source : Equity Bulls

Keywords

AssociatedAlcoholsandBreweries INE073G01016 6Districts CountryLiquor Supply MadhyaPradesh