Associated Alcohols & Breweries Ltd
Past performance
About Associated Alcohols & Breweries Ltd Associated Alcohols and Breweries, established in 1989 in Calcutta, is a major liquor manufacturer in Central India, specializing in Extra Neutral Alcohol (ENA), Indian Made Indian Liquor, Indian Made Foreign Liquor (IMFL), and hand sanitizers. The company operates a state-of-the-art distillery in Khargone, Madhya Pradesh, producing brands like Royal Falcon and Jamaican Magic. It has expanded its production capacity significantly since its public issue in 1994 and reduced reliance on molasses by setting up a grain-based alcohol plant.
The company exports IMFL to Russia and has plans for further capacity expansion, including a brewery and IMFL plant in Madhya Pradesh through an 87% stake in Kedia Breweries. Past projects include setting up an integrated distillery complex in Rajasthan and modernizing the distillery with a high-pressure boiler for improved efficiency. It completed a PET bottle manufacturing unit and implemented SAP ERP systems to enhance operational capabilities. Associated Alcohols and Breweries listed its shares on the NSE in February 2020.
Performance overview