Radico Khaitan rises on commissioning greenfield grain distillery in Uttar Pradesh
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Radico Khaitan is currently trading at Rs. 1239.05, up by 20.70 points or 1.70% from its previous closing of Rs. 1218.35 on the BSE.
The scrip opened at Rs. 1226.95 and has touched a high and low of Rs. 1246.00 and Rs. 1205.50 respectively. So far 4469 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1478.45 on 01-Aug-2023 and a 52 week low of Rs. 910.00 on 18-Nov-2022.
Last one week high and low of the scrip stood at Rs. 1268.35 and Rs. 1192.75 respectively. The current market cap of the company is Rs. 16639.91 crore.
The promoters holding in the company stood at 40.27%, while Institutions and Non-Institutions held 42.03% and 17.71% respectively.
Radico Khaitan has commissioned its 350 KLPD greenfield grain distillery along with a captive power plant of 15 MW at Sitapur, Uttar Pradesh. Spread over 107 acres, the Sitapur greenfield project will not only add to the growth of the Company's branded business but also secure ENA supplies to the local manufacturing as well as the contract bottling units.
The facility is based on state-of-the-art technologies and sustainable manufacturing practices. Together with the Rampur campus, the ENA production from the Sitapur plant will be able to support the branded business growth for the next 7-10 years.
The entire campus will be self-sufficient for its power requirement primarily using biomass/non-carbon fuels. In addition to an annual ENA/absolute alcohol production capacity of over 10 crore liters, the campus also has a bottling capacity of over 15 million cases. The Company has also set up a malt maturation capacity of 10,000 barrels at the Sitapur campus.
Radico Khaitan (RKL) is one of the India's oldest and largest liquor manufacturers.
