Piccadily Agro Industries which is mainly the producer of Indri Single Malt and Camicara Rum has announced plans to invest Rs 1000 crore to expand its existing malt production capacity of Haryana Indri as well as other distilleries.
Along with this through this investment the company will establish a new plant in Mahasamund, Chhattisgarh and will also help in the development of PAIL’s first international distillery in Portavadi, Stockland.
In September 2024 PAIL raised Rs 262 crore through preferential allotment from major investors with an additional Rs 50 crore contributed by the promoters of the company. And the remaining funding will be arranged through a mix of internal resources and loans.
