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Rock & Storm Distilleries set to expand with ₹100 cr investment
Mint Mumbai
|November 30, 2023
Delhi-based also beverage manufacturer Rock and Storm Distilleries Pvt. Ltd is set to expand its presence across India with an investment of 100 crore over the next 3-4 years, director Vinay Khare said in an interview.
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The company will finance the expansion into new markets, such as Uttar Pradesh, Karnataka, and Rajasthan by 2024, from internal accruals, Khare added.
To support the growth plans, it will set up a malt plant with a capacity of 6 kilogram litres per day and a new production unit. The firm also aims to establish its first-ever ethanol and extra neutral alcohol plant.
In 2025, it will expand to Maharashtra, Haryana and Jharkhand.
It operates in Delhi, Punjab, Chandigarh, Uttarakhand, and Telangana, besides catering to canteen stores departments in 21 states.
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