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John Distilleries mulls greenfield plant in Karnataka, Rs 600 crore outlay
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Monday, 11 November, 2024, 16 : 00 PM [IST]
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Our Bureau, Bengaluru
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Bengaluru-based John Distilleries (JDL) mulls setting up a new plant on a 30-acre land in Karnataka. The company also targets nearly 150 cases of single malt and about 2.3 crore cases of all other brands put together by the end of FY25.
The greenfield project entails an investment of about Rs 500-600 crore. However, it may consider relocating if any state offers more favourable incentives. Within the next three to four years, it may put up another plant serving at least a capacity of 12,000 litres per day.
Given its extensive domestic and international presence, JDL anticipates growth in the domestic liquor market. It has already expanded its facility in Goa. As the company is prioritising supply management, it will optimise supply and solidifying presence in regions where it is already established.
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