ABDL board approves about Rs 495 crore capacity expansion in Moradabad
ABDL · price
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On the reaction day the stock moved 1.6 pts less than Nifty Smallcap 250 and 1.7 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Allied Blenders and Distillers (ABDL) approved capacity expansion at Moradabad, UP. Plans include a new 66 MN BL per year Dual Mode Distillery costing about Rs 293.5 crores (target completion Q1 FY29) and bottling capacity expansion from 6 MN to 13 MN cases per year costing about Rs 202 crores (target completion Q3 FY28). Total capex about Rs 495.5 crores funded through debt and internal accruals. Aims to boost margins and meet regional IMFL demand.
Positive for long-term growth; Rs 495 crore capex spread over 2-3 years and partly debt-funded may pressure near-term returns but expands IMFL margins.