Shares of Allied Blenders & Distillers soared 4% on 11 September after the company approved an investment of Rs 115 crore to establish a new malt distillery in Maharashtra’s Aurangabad region. 

The investment is part of the company’s efforts to expand its manufacturing capacity and strengthen its presence in the premium spirits segment. 

The company’s board approved the investment through its wholly owned subsidiary, ABD Maharashtra Distillery Private Limited. The proposed facility will be developed in Aurangabad and will focus on malt-based spirit production. 

The move is expected to give Allied Blenders greater control over its production capabilities and support the company’s long-term growth plans.

The investment comes as the company continues to expand its portfolio and manufacturing footprint. Allied Blenders is known for brands across whisky and other spirits categories and has been increasing its focus on premiumisation, where consumers shift towards higher-value alcoholic beverages.

A new malt distillery could also help the company strengthen its supply chain and reduce dependence on external sourcing for key production requirements. This may provide greater flexibility as demand for premium spirits grows in the Indian market.

The company’s expansion plans are being watched by investors as Allied Blenders continues to build scale in a competitive alcoholic beverages market. 

At 3:30 pm, the shares of Allied Blenders closed 4.02% higher at Rs 636 on NSE. 

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