Spirits marketer Radico Khaitan has entered into a tripartite joint venture with NV Distillers and Ridhi Sidhi Pvt Ltd to set up a greenfield distillery in Aurangabad (Maharashtra) with a combined investment of Rs160 crore.
The JV Radico NV Distilleries Maharashtra Ltd, in which Radico will have 36% stake, would manufacture ENA (Extra Neutralised Alcohol), IMFL(Indian Made Foreign Liquor)and Ethanol. It will also have a bottling facility.This will be Radico’s second distillery after its Rampur facility in Uttar Pradesh, and with a capacity of 36 million litres per annum, it will be the largest distillery in Maharashtra, it said.
Read more in The Livemint article.
