Tilaknagar Industries rises as its arm gets Government nod to start production at expanded facility in Andhra Pradesh
Tilaknagar Industries is currently trading at Rs. 433.25, up by 4.80 points or 1.12% from its previous closing of Rs. 428.45 on the BSE.
The scrip opened at Rs. 428.45 and has touched a high and low of Rs. 434.85 and Rs. 422.05 respectively. So far 24153 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 550.00 on 31-Oct-2025 and a 52 week low of Rs. 329.65 on 15-May-2025.
Last one week high and low of the scrip stood at Rs. 466.85 and Rs. 422.05 respectively. The current market cap of the company is Rs. 10702.50 crore.
The promoters holding in the company stood at 31.71%, while Institutions and Non-Institutions held 22.04% and 46.25% respectively.
Tilaknagar Industries’ wholly-owned subsidiary -- Prag Distillery (P) (Prag) has received the requisite approvals from Andhra Pradesh Government to commence production at its expanded facility with immediate effect. With this expansion, the bottling capacity at Prag will increase from 6 lakh cases per annum to 36 lakh cases per annum, marking a six-fold increase.
Last year, the Board of Directors of the company had approved an investment of Rs 59 crore, including the licence fees and interest payments of nearly Rs 34 crore for expansion at Prag. The company has since concluded the capital expenditure to expand the capacity and the associated infrastructure at Prag. The enhanced capacity at Prag would be able to meet nearly 50 per cent of the company’s volume requirements in Andhra Pradesh.
