BSE listed Pincon Spirit Limited (PSL), is planning to invest around Rs. 400 crore within two years to fuel the company’s growth plans in segments like liquor and FMCG divisions. The company said part of the amount will be raised through internal accruals and part will be through bank loan or market borrowing.
The company also is planning to increase its business volume in all the states where it has presence and also to enter new states. Pincon sells its liquor products in West Bengal, Karnataka, Odisha, Jharkhand, Uttarakhand and North Eastern States and intends to become a pan India player within 2018, it said in a release.
It has recently launched its new brand Ultra Force Premium Jamaican XXX RUM in the states of West Bengal, Karnataka and Uttarakhand.
