PAIL Shares Rise 5% on Announcement of ₹1,000-Crore Investment Plans.

Piccadily Agro Industries Limited (PAIL), the maker of Indri single malt and Camikara rum, has unveiled plans to invest ₹1,000 crore to expand its distillery and malt production facilities in Indri, Haryana. The ambitious expansion also includes establishing a new plant in Mahasamund, Chhattisgarh, and launching its first international distillery at Portavadie, Scotland.

To support the investment, PAIL raised ₹262 crore in September 2024 through a preferential allotment from prominent investors, with an additional ₹50 crore infused by the company’s promoters. The remaining funds will be sourced through a combination of internal resources and debt, the company stated.

The investment reflects PAIL's commitment to scaling up its production capabilities and expanding its global footprint in the premium spirits market.

HBL