India's Allied Blenders gains on Telangana nod for production capacity hike

Allied Blenders and Distillers

24/03/2025 04:52

** Shares of Allied Blenders ALLE.NS rise 3.75% to 332 rupees

** The liquor maker gets approval from the state of Telangana to increase its production capacity by 1.5 million bulk litres

** The production increase will add to the existing capacity of 60 million bulk litres and will not require additional investment since the requisite infrastructure is in place, says ALLE

** Shares of ALLE are down 23% in 2025 so far and are just 3.75% above the listing price of 320 rupees on July 2, 2024, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))