As the year draws to a close, the Brewers Association — the not-for-profit trade association dedicated to small and independent American craft brewers — recounts a year filled with varied growth, continued supply chain disruptions, and increased competition. Despite these challenges, 2022 also saw a return to in-person events and the nurturing of the…
The pandemic had squeezed the scale of alcohol makers in FY21 and beer manufacturers were hit particularly hard as Covid19 was at its peak during summer. Indian craft beer maker Bira 91 was no exception and its scale shrank 10% during FY21 but the firm has bounced back smartly in FY22. Bira 91 scale (gross…
Sonipat: Haryana state government suspended three Excise & Taxation department officers Naresh Kumar Deputy Excise & Taxation Commissioner, Kashmir Singh Kamboj Assistant Excise & Taxation Commissioner and Rampal Singh Excise Inspector at Sonipat in alleged Rs 14 crore embezzlements by a L-13 liquor contractor at Murthal in Sonipat district under a conspiracy with suspended officers…
In this article, we discuss 10 best alcohol stocks to buy heading into 2023. If you want to see more stocks in this selection, check out 5 Best Alcohol Stocks To Buy Heading Into 2023. Despite the threat of recession, investments in the alcohol sector have shown resilience. CNBC reported in July 2022 that with…
The Food Secretary also said that the industry has welcomed the recently issued guidelines for ethanol production from sugar and grain-based feedstocks, which aim to help distilleries identify quantity of the ethanol produced from different routes. The Union Food Secretary Sanjeev Chopra told CNBC-TV18 that India’s wheat procurement this year is likely to be more…
The government has given in-principle approval for 95 more ethanol projects under the new window of ethanol interest subvention schemes.The decision is expected to add an annual ethanol production capacity of around 480 crore liters in the country. The Department of Food and Public Distribution (DFPD) said, out of these 95 projects, 68 are grain-based,…
Japanese beverages group Kirin Holdings has increased its stake in B9 Beverages, the maker of Bira 91 beer, close to 20% from 10% by investing an additional ₹570 crore in the company, valuing the beer maker at $550-600 million post the fundraise, two executives directly aware of the development said. “This is Bira 91’s largest…
Qatar bans stadium beer sales in last-minute reversal Soccer event typically boosts global beer consumption Legal analysts see risk of dispute with FIFA over contract BRUSSELS, Nov 19 (Reuters) – A last-minute decision to ban the sale of alcohol at Qatar’s World Cup stadiums will seriously limit Budweiser sales in the Gulf state, but…
Yogi Adityanath-led BJP government in Uttar Pradesh will check alcohol abuse through new sugarcane molasses policy in the state. To check alcohol abuse, under the new sugarcane molasses policy, every sugar mill will have to reserve at least 20 percent of the total molasses production in terms of C- heavy molasses, an official statement said…
Tilaknagar Industries is currently trading at Rs. 94.55, up by 1.25 points or 1.34% from its previous closing of Rs. 93.30 on the BSE. Tilaknagar Industries The scrip opened at Rs. 95.25 and has touched a high and low of Rs. 96.00 and Rs. 94.25 respectively. So far 11932 shares were traded on the counter….