Allied Blenders approves ₹115 crore for new malt distillery in Aurangabad
- Allied Blenders approved ₹115 crore for a 3 MN BL malt distillery in Aurangabad
- Project includes a maturation warehouse and is targeted for completion in Q3 FY28
- Additional ₹10 crore approved to cover cost overruns in existing bottling and distillery projects
- Overruns driven by metal price hikes and expansion for automated bottling lines

*this image is generated using AI for illustrative purposes only.
Allied Blenders & Distillers has approved a ₹115 crore capital contribution for Minakshi Agro Industries LLP to construct a 3 million litre malt distillery and maturation warehouse in Aurangabad.
The Management Committee of the Board of Directors approved the investment on September 11, 2026. The funding is structured as additional capital contribution or financial assistance, potentially supported by external debt with a corporate guarantee.
Investment overview
The approved funding is directed toward establishing a new malt distillery facility through Minakshi Agro Industries LLP, a subsidiary of the company. The project is located in Aurangabad, Maharashtra. The sanctioned amount of ₹115 crore covers the core construction costs for the distillery and maturation warehouse.
Project details
The following table summarises the key parameters of the approved investment:
| Parameter | Details |
|---|---|
| Investment amount | ₹115 crore |
| Beneficiary entity | Minakshi Agro Industries LLP |
| Facility type | Malt distillery cum maturation warehouse |
| Planned capacity | ~3 MN BL per year |
| Location | Aurangabad, Maharashtra |
| Completion timeline | Q3 FY28 |
| Scope | Setting up distillery and warehouse |
Additional funding for cost overruns
The committee also approved an additional capital contribution of up to ₹10 crore to meet cost overruns in previously approved projects, including a bottling unit and distillery. These overruns are attributed to increased prices of key metals and marginal expansions to accommodate longer automated bottling lines.
| Parameter | Details |
|---|---|
| Investment amount | ₹10 crore |
| Purpose | Meeting cost overruns in ongoing projects |
| Completion timeline | Q3 FY27 (Bottling) & Q3 FY28 (Distillery) |
Strategic rationale
The proposed investment aligns with the company's long-term strategic vision of expanding its premium spirits portfolio through entry into the provenance-led Single Malt Whisky segment. The additional investment for cost overruns aims to strengthen the manufacturing footprint and support long-term volume growth.
Historical Stock Returns for Allied Blenders & Distillers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.44% | +3.79% | +1.25% | +32.28% | +24.42% | 0.0% |
How will the entry into the Single Malt Whisky segment impact Allied Blenders & Distillers' average selling prices and overall profit margins in the medium term?
What is the expected timeline for the new Aurangabad facility to reach full operational capacity, and how will this affect the company's total spirits production volume by FY29?
Given the additional ₹10 crore allocated for cost overruns due to metal price hikes, are there hedging strategies in place to mitigate future raw material volatility for ongoing projects?


































