Piccadily Agro Industries (PAIL), the maker of Indri single malt whisky and Camikara rum, is lining up a set of capex projects, including a distillery in Scotland.
PAIL plans to invest a total of Rs10bn ($118.4m) in India and in Scotland to meet “growing demand” for the two brands.
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The Scotland distillery, to be located on a 58-acre site in Portavadie, has secured the approval of the UK government, the publicly listed PAIL said in a stock-exchange filing.
PAIL said its project in Scotland is “an industry-first for any Indian alco-bev company”. The distillery, it added, “positions Piccadily as a prominent player among Indian distillers on the global stage, producing exceptional Scotch-style malts and reinforcing India’s growing influence in the premium whisky industry”.
Just Drinks has approached PAIL for comment on its timetable for the investment in Scotland, including when construction will start and when the site will be operational.
In India, meanwhile, the company is planning to expand production at its Indri facility in the Indian state of Haryana and build a new plant further south in Chhattisgarh.
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By GlobalDataIn the filing, PAIL said it anticipates the projects to be completed over the next 24 months.
It expects the first phase of the total expansion at the Indri plant of malt to be completed early next year.
The move will increase the distillery’s total capacity to 250 kilolitres per day (KLPD). It will also take the site’s warehousing capacity to more than 100,000 barrels.
The new distillery in Chhattisgarh will have a production capacity of 210KLPD, including 180KLPD for ethanol production and 30KLPD for malt production.
Piccadily Agro Industries promoter Siddhartha Sharma said: “This expansion is not just about scaling up our operations; it’s about reshaping the future of premium Indian alco-bev spirits on a global stage.
“With this expansion in India, we are set to increase our overall production capacity to 460KLPD including 60KLPD of malt spirits, ensuring we are well-positioned to meet the rising demand for both Indian and international markets.
Commenting on the latest expansion in India and Scotland, he said, the company intends “to redefine the global spirits industry while solidifying India’s position as a producer of high-quality, premium alcohol.”
In September, PAIL secured Rs2.62bn through preferential allotment from investors, while an additional Rs5bn has been infused by the company’s promoters.
The balance funding shall be tied up through a combination of internal accruals and debt.
