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Som Distilleries & Breweries Odisha, a subsidiary company of Som Distilleries & Breweries has acquired a brewery unit in Odisha.
Som Distilleries & Breweries rose 1.76% to Rs 239.80 on BSE after the company’s subsidiary acquired a brewery unit in Odisha for Rs 46 crore.
The facility is expected to be operational in the next 3-4 months. The unit has been acquired at a cost of Rs 46 crore.
The capacity of the unit is 42 lakh cases per annum. The company expects additional expenditure of Rs 25-30 crore on the upgradation of the manufacturing asset.
On a consolidated basis, net profit of Som Distilleries & Breweries rose 148.24% to Rs 6.33 crore on 50.49% rise in net sales to Rs 101.34 crore in Q4 March 2018 over Q4 March 20.
Som Distilleries & Breweries operates a brewery, a distillery, support industries and a distribution network across the country.