MUMBAI: Shares of Empee Distilleries listed at Rs 440, premium of 10 per cent or Rs 40, against issue price of Rs 400 on the Bombay Stock Exchange.
At 9:57 am, the share was at Rs 394, down 1.5 per cent or Rs 6 with volume of 325423 shares. It touched an intra-day high of Rs 489 and low of Rs 382.20.
Empee Distilleries plans to set up grain based distillery and blending & bottling Indian-made-foreign-liquor plant with capacity of 0.07 lakh cases per month in Nellore, Andhra Pradesh. It plans to expand the existing distillery in Mevalorkuppam.
The company will also set up 7.5 MW biomass based power plant in Aranthangi, and develop 2 lakh square feet of residential space at Mevalorkuppam, in Tamil Nadu.
The company currently manufactures various IMFLs in Tamil Nadu and Kerala. It also has a wind mill energy plant in Coimbatore. The company owns 20.88 acres of land at Kanchipuram.
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