Comments
Tilaknagar Industries Ltd is planning to invest about Rs 220 crore on capacity expansion.
After the launch of Manson House Gold Whisky in the Andhra Pradesh market here on Friday, Mr Amit Dahanukar, Chairman and Managing Director, Tilak Industries, said the investments will be made in Andhra Pradesh.
The Mumbai-based liquor maker will set up a Rs 150-crore distilling unit in Rajahmundry for which it has already obtained a licence.
The capacity of the existing plant in the same place would be ramped up from 50,000 cases per month to four lakh cases per month in a phased manner with Rs 70-80 crore, he said.
The company is expecting to close 2011-12 with a turnover of Rs 1,500 crore and hopes for a 20 per cent growth in revenues during 2012-13, Mr Dahanukar added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.