New investments from Piccadily

Piccadily Agro Industries Limited (PAIL) envisages to invest Rs. 1,000 crore to expand its current facilities and establish new plants, including its first international distillery in Portavadie, Scotland. The distillery site in Scotland will also have a visitor centre, which is expected to offer insights into Scotch whisky making.

In September 2024, PAIL generated Rs. 262 crore through preferential allotment from marquee investors and an additional Rs 50 crore was injected into the company by its promoters. The remaining funds will be sourced through internal accruals and debt.

The company aims to enhance its distillery and malt facilities in Indri, Haryana, and build a new plant in Mahasamund, Chhattisgarh. The Mahasamund facility will be having a production capacity of 210 kilo litres per day (KLPD), including ENA/ethanol production of 180 KLPD and malt production of 30 KLPD.
The proposed distillery in Portavadie to strengthen the company’s premium spirits production is expected to improve Picadily’s international appeal and strengthen India's increasing influence in the premium whisky industry.
The above-mentioned expansions of Piccadily Agro Industries are expected to be completed within the next 24 months.