Mumbai, 13 November 2023: Allied Blenders and Distillers Limited (“ABD”) owns and operates its distillery located in Rangapur, Telangana. This unit makes Extra-Neutral Alcohol (ENA), the key raw material used in the manufacture of alcohol beverage products.
The Company recently completed expansion of the annual capacity of its distillery from 55 million litres to 65 million litres. This expansion has been carried out through internal accruals.
The ABD Rangapur distillery is spread over 74.95 acres with a built-up area of over 25,000 sq. metres. It provides direct employment to around 400 people and indirect employment to lakhs of farmers.
ABD is the largest Indian-owned Indian-made foreign liquor (“IMFL”) company and the third largest IMFL company in India, in terms of annual sales volumes between Fiscal 2014 and Fiscal 2021.
Alok Gupta, Managing Director, ABD said, “One of the core values at ABD is around Excellence in Execution. The capacity expansion of our Rangapur distillery is a matter of great pride on account of the access to additional ENA but also because it has been done in a sustainable and environment-friendly manner.”
Through water recycling and installation of efficient water treatment plant, the ABD Rangapur distillery has been able to reduce water consumption by 20% over last year. The Company has also invested in alternate bio mass fuel handling system to increase the use of renewable energy source fuel at the distillery. With the addition of high-efficiency equipment, adherence to process control measures, enhancement of people's capability through continuous training, and the adoption of the best manufacturing practices, the overall plant performance has improved without increasing effluent load.
Disclaimer: “Allied Blenders and Distillers Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares and has filed a draft red herring prospectus dated June 27, 2022 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, and the website of the Book Running Lead Managers, ICICI Securities Limited at www.icicisecurities.com Axis Capital Limited at www.axiscapital.co.in, Equirus Capital Private Limited at https://www.equirus.com/, JM Financial Limited at www.jmfl.com and Kotak Mahindra Capital Company Limited at http://www.investmentbank.kotak.com/ and the websites of BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details refer to the Red Herring Prospectus, including the section titled “Risk Factors” of the Red Herring Prospectus when available. Potential investors should not rely on the DRHP for any investment decision.”
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in ‘offshore transactions’ in reliance on Regulation S and the applicable laws of each jurisdiction where such offers and sales are made. There will be no public offering of the Equity Shares in the United States.