The Indian Spirits and Wine Association of India has informed the government that the illegal sale of alcohol has increased in the country due to the lockdown
Pincon Spirits said that by adding to the captive logistics infrastructure, it has equipped itself for catering to transportation of much greater volume goods and also for cost curtailment in transportation.
Liquor firm Pincon Spirits today said its board has approved raising of up to USD 30 million (approx Rs 200 crore) through issue of foreign currency convertible bonds (FCCBs).
Total income from operations moved up 3.1 percent to Rs 430.4 crore during the quarter under review as against Rs 417.3 crore in the same quarter of the previous fiscal, Radico Khaitan said in a regulatory filing to BSE.
The company had posted net profit of Rs 25.25 crore for the April-June quarter of 2012-13 fiscal. Net sales of the company in Q1, 2013-14 rose to Rs 467 crore, from Rs 421.5 crore in the same period of previous fiscal, Radico Khaitan said in a statement.