The sugar manufacturer announced that the company's Indian-made foreign liquor (IMFL) business has started commercial operations on 16 July 2024.
The business has also launched two products, Matsya: triple reserve blended whisky with annual production capacity of 4,20,000 litre and The Crafters Stamp: rare artisan blended whisky with annual production capacity of 1,35,000 litre.Triveni Engineering & Industries (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar, alcohol, power transmission and water. The company is one of India's largest integrated sugar manufacturers and one of the largest ethanol manufacturers, while making significant contributions in Power Transmission and in Water & Wastewater treatment solutions.
The companys consolidated net profit declined 15.4% to Rs 161.04 crore on 17.7% slide in net sales to Rs 1,302.13 crore in Q4 FY24 over Q4 FY23.
Shares of Triveni Engineering & Industries rose 0.45% to end at Rs 420.60 on Tuesday, 16 July 2024.
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