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Pincon Spirit charts capital expenditure of Rs 300 crore during current fiscal

Pincon Spirit has charted out a capital expenditure of Rs 300 crore during current fiscal. This step has been taken in order to enhance distilleries capacity, increasing retail chain and expanding footprint. To part finance the expansion of distilleries, it has mooted up to $30 million masala bond issue at the London Stock Exchange.

The spirits maker also plans to expand its footprint to four new southern markets of Kerala, Puducherry, Goa and Tamil Nadu. Currently, it has presence in Karnataka, Jharkhand, Odhisa, Haryana and Uttarakhand beside West Bengal with eight company owned units and four contract suppliers.

Pincon Spirit is engaged in the business of Blending, Bottling and Wholesale Distribution of Indian Made Foreign Liquor (IMFL) Products viz. Rum, Whisky, Vodka, Brandy and Beer (alcoholic beverage).

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