News for Jagatjit Industries Limited (JAGAJITIND.BO)

Hindustan Unilever ends its production agreement with Jagatjit Industries for Boost and Horlicks, while continuing malt extract supply partnerships.

Alcohol sales across India surged during the festive season, with some industry players witnessing over 20% YoY growth.

The October-December quarter is the peak season for the domestic industry as demand for premium alcoholic beverages surges

Jagatjit Industries secures Rs 180 crore loan for grain-based ethanol plant in Punjab, boosting profits and paving the way for future growth.

Shares of Jagatjit Industries hit an upper circuit of 5 per cent to Rs 158.75 at open on Wednesday, commanding a total market capitalization of close to Rs 700 crore.

Jagatjit Industries Limited (JIL) has secured a ₹180 crore term loan from IREDA for a 200 KLPD grain-based ethanol distillery plant in Punjab. The project investment is ₹210 crore, with a projected breakeven period of 5 years. JIL anticipates ₹400 crore in revenue from the plant, with an EBITDA margin of 15%. Ethanol is projected to contribute 20-25% of the company's total revenue in FY 24-25 & 25-26. The positive cash flows generated will be reinvested & allocated towards debt repayment. The plant will generate employment opportunities & foster green growth in India. JIL's Q1 results for FY 23-24 show total revenue of ₹181.17 crore, a 42.42% increase from last year.

Jagatjit Industries Ltd, which is into liquor business, will invest Rs 210 crore to set up a grain-based ethanol manufacturing plant in Punjab to encash rising demand of this green fuel for blending with petrol, a top company official said.

The excise department of the city government had sought comments and suggestions from the general public on the report of the expert committee by January 21.

Read more about Liquor makers object to Delhi govt's excise policy recommendations on Business Standard. Four liquor manufacturers raised objections to the Delhi government's new excise policy recommendations and warned that these would bring in cartelization besides hitting the government's revenue.