The Company has a growing presence in multiple states across India and is a leading IMFL
(India Made Foreign Liquor) and IMIL (India Made Indian Liquor) player.
" As compared to the last year April sales, our sales have shot up by 15 per cent ( beer), 64 per cent ( IMFL
) and over 70 per cent( country- made liquor).
The ban means that no new IMFL
factory will come up in Bihar but the existing one will face no problem.
"We estimate that consumption of IMFL
will rise at a healthy compounded annual growth rate, or CAGR, of 12% over the next five years.
KDPL commissioned its IMFL
bottling plant in October 2009 in Pudukottai (Tamil Nadu); the plant was set up at a capex of Rs.650 million.
It was subsequently granted permission to make IMFL
and allowed to shift its base from Thaiyur in Tiruporur Taluk to Sirumathur in Sriperumbudur Taluk, he said.
The government had earlier banned country and spiced liquor in the rural areas but had allowed the sale of IMFL
through the outlets of the Bihar State Beverages Corporation Ltd ( BSBCL), a state government undertaking.
Only the State Beverages Corporation Limited or any other entity owned and controlled by the government will have the exclusive privilege of selling IMFL
in the entire state.
The policy keeps the number of retail outlets of country liquor and IMFL
in the state unchanged while sub- vends, with the prior consent of the gram panchayat, will be allowed in gram panchayats will a population of less than 1,000.
The Company is also working out a detailed plan for export of IMFL
to East Asian countries from this plant."
Incorporated in 1991, IMFL
is engaged in trading of ferro alloys, minerals (manganese ore and coal) and metals used in manufacturing of steel related products with ferro alloys being the major contributor to the turnover.
Summary: Jaipur (Rajasthan) [India], July 2 (ANI): Liquor will cost more in Rajasthan as the state government on Monday hiked the excise duty on the Indian-made foreign liquor (IMFL
) and liquor by 20 per cent and 35 per cent, respectively.