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Globus Spirits Limited ( (IN:GLOBUSSPR) ) just unveiled an announcement.
Globus Spirits Limited has commissioned a new distillation plant at its Uttar Pradesh unit in Abbaspur, Aurangabad, Lakhimpur Kheri, with an installed capacity of 100 KLPD using grain or 80 KLPD using molasses. The facility will provide internal ENA production for the company’s consumer business in the state, reducing its dependence on external ENA purchases and offering flexibility to switch between molasses, broken rice and maize as raw materials, which is expected to improve cost efficiency and operational resilience in a key regional market.
More about Globus Spirits Limited
Globus Spirits Limited operates in the alcoholic beverages and distillery industry, producing extra neutral alcohol (ENA) and related grain- and molasses-based spirits that support its consumer liquor business, with a market focus on key Indian states such as Uttar Pradesh.
Average Trading Volume: 15,220
Technical Sentiment Signal: Hold
Current Market Cap: 26.52B INR
See more data about GLOBUSSPR stock on TipRanks’ Stock Analysis page.