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Business Line

: SOM Distilleries launches Woodpecker premium beer in Karnataka

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Business Standard

SOM Distilleries launches 'Woodpecker' beer in Karnataka; stock soars 7%

The company has launched 'Woodpecker,' India's first twist cap beer, in Karnataka. In two days, the stock has advanced little over 8 per cent

Business Standard

Raise a toast! SOM Distilleries debuts in Karnataka with Woodpecker beer

The listed alcobev company eyes Rs 1600 crore sales in FY25

The Economic Times

Sugar stocks surge on Ethanol push, analysts see more upside

The government's notification removes the limit that exists on the diversion of sugar for ethanol production. "Since ethanol is a high-yielding product, this removal of cap would help the sugar mills and distilleries to manufacture more ethanol and improve their revenue mix directly, which will improve cash flows and stabilize the sugar industry," said T Manish, research analyst, Samco Securities.

Business Line

Sugar stocks surge as Govt permits grain-based distilleries in rice procurement e-auctions

This move is anticipated to decrease closing stock levels, thereby maintaining higher sweetener prices.

Business Standard

Govt permits sale of 2.3 mn tonne of rice from FCI to ethanol makers

The government on Thursday permitted the sale of up to 23 lakh tonnes of rice from Food Corporation of India (FCI) stocks to grain-based ethanol distilleries, reversing a ban imposed last year. The food ministry, as per a directive, has allowed ethanol producers to participate in e-auctions and purchase rice between August and October 2024 under the Open Market Sale Scheme (OMSS). This decision comes as the government grapples with surplus rice stocks exceeding 540 lakh tonnes, prompting efforts to create storage space for the upcoming harvest. The ministry stated, "Maximum 23 lakh tonne may be allowed for lifting to ethanol distilleries." Ethanol makers can purchase rice through weekly e-auctions. Purchases are subject to ethanol allocation by oil manufacturing companies. The government had halted rice sales for ethanol production in July 2023. The ban coincided with restrictions on non-basmati white rice exports. The FCI has been conducting e-auctions for rice sales to private

The Economic Times

Government lifts cap on sugar diversion for ethanol production starting in November 2024

Starting November 1, 2024, the Union government will lift the cap on sugar diversion for ethanol production, allowing the use of cane juice, syrup, and various molasses types. Additionally, distilleries can now purchase up to 2.3 million metric tons of rice from the Food Corporation of India for ethanol. This policy aims to boost renewable energy while maintaining stable sugar availability. The Department of Food and Public Distribution and the Ministry of Petroleum and Natural Gas will oversee the impact on sugar supplies.

The Economic Times

Paul John single malts to step up exports, says company chairman

John Distilleries Ltd expanded its Goa distillery's capacity to 3 million litres annually, investing Rs 100 crore. This expansion aims to meet growing demand for its Paul John Single Malt whiskey in both global and domestic markets. The company also plans to launch new variants and currently exports to over 50 countries.

Business Standard

Chambal Breweries & Distilleries reports standalone net loss of Rs 0.03 crore in the June 2024 quarter

Reported sales nil

Business Line

Amrut Distilleries to increase production capacity by December 2024

Amrut Distilleries has been expanding its presence across India with a focus on premium alcohol offerings, witnessing an increasing demand for single malt whiskey.

The Economic Times

Amrut Distilleries wins "World's Best Whiskey" title at 2024 International Spirits Challenge

Amrut Distilleries from Bengaluru has made headlines by winning the esteemed title of "World's Best Whiskey" at the 2024 International Spirits Challenge in London. This accolade, part of a prestigious competition featuring top global whiskey brands, highlights Amrut's exceptional performance with five gold medals in the competitive "World Whisky Category." Led by its flagship single malt, Amrut Fusion, the distillery's success underscores India's growing prominence in the international spirits arena and its commitment to crafting whiskies of unparalleled quality and taste.

Business Standard

Som Distilleries falls 16% on likely child labour at Madhya Pradesh factory

Som Distilleries child labour: Labour at the associate company is supplied by contractors. It may be the fault of the contractor, Som Distilleries has clarified