Globus Spirits announced the commissioning of additional capacity at two of its existing units on March 28, 2024. The units are located in District East Singhbhum, Jharkhand, and Panagarh, Burdwan district, West Bengal.
The expansion increases the capacity of the Jharkhand unit from 140 KLPD to 200 KLPD and the West Bengal unit from 240 KLPD to 300 KLPD. This additional capacity will cater to various products, including ENA and ethanol. The expansion was completed with a total investment of Rs. 142 crores, primarily funded through internal accruals and a term loan drawdown of Rs. 14 crores.
