Piccadily Agro Industries Limited (PAIL), which announced to raise Rs 312 crore to fund its growth plans, looks to expand its distillery and malt facilities at Indri, Haryana and set up a new facility at Mahasamund, Chhattisgarh.Piccadily Agro Industries Limited (PAIL) will also open its first international distillery at Portavadie, Scotland, to bolster its premium spirits production, according to a company statement. In September 2024, PAIL raised Rs 262 crore through preferential allotment from marquee investors, while an additional Rs 50 crore was infused by the company's promoters.The remaining funding shall be tied up through a combination of internal accruals and debt, it said."With this expansion in India, we are set to increase our overall production capacity to 460 kilo litres per day (KLPD) including 60 KLPD of malt spirits, ensuring we are well-positioned to meet the rising demand for both Indian and international markets," PAIL promoter Siddhartha Sharma said, adding the company is entering a transformative phase in its growth journey.

Piccadily Agro to invest ₹1K cr to expand capacity, open distillery in Scotland

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