Allied Blenders and Distillers Limited has informed the Exchange about LOI- Andhra Pradesh
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Allied Blenders and Distillers has received a revived Letter of Intent (LOI) from the Andhra Pradesh government, valid until September 2028. The state government has also granted permission to obtain a DM2 (MGO) licence for setting up a new bottling plant. This will enable the company to establish a greenfield IMFL (Indian Made Foreign Liquor) bottling facility in Andhra Pradesh with an annual production capacity of approximately 46.5 lakh cases (4.65 million cases). The approval is conditional on fulfilling certain requirements including payment of outstanding dues.
This regulatory approval expands Allied Blenders' manufacturing footprint into Andhra Pradesh, potentially improving distribution reach and production capacity. This is a positive development that could support future revenue growth for the company.