USL to invest Rs 400-mn in distillery unit

Kolkata: United Spirits Ltd (USL), the flagship company of the UB Group, is planning to put up a distillery at Asansol for manufacturing grain-based spirits.

The plant, which would start production within one year, would have a capacity of 28klpd, and involve an investment of Rs 40 crore, said Kaushik Chatterjee, COO-east of USL. The company runs three distilleries in the eastern region at present. USL is also planning to set up two-three bottling plants in Kolkata and the North East within the next six months.

This apart, USL is also bullish on its recently announced retail venture, as it plans to open about three to four designer liquor stores this year in the region.

Currently, the company operates around 16 such outlets across the country, with around four in the east.