ABDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Andhra Pradesh government has revived Allied Blenders and Distillers' Letter of Intent (LOI) to set up a greenfield IMFL (Indian Made Foreign Liquor) bottling plant in the state. The LOI is now valid till September 26, 2028. The state government has also granted permission to obtain the required DM2 (MGO) licence from the Commissioner of Prohibition and Excise, subject to conditions including clearance of dues. The proposed plant will have an annual capacity of approximately 46.5 lakh cases, marking a meaningful expansion of the company's bottling infrastructure. The company received this communication on May 6, 2026.
This approval clears the path for ABDL to establish a new bottling facility in Andhra Pradesh, which could drive future production volume growth. However, the financial impact remains dependent on construction timelines and operational ramp-up, so near-term stock movement is likely to be neutral unless additional details on capex or timelines emerge.