UBL halts beer supply to Telangana

United Breweries Ltd has suspended beer supply to Telangana Beverages Corporation Limited (TGBCL) with immediate effect.

In a stock exchange filing on Wednesday, the company cited two primary reasons for this decision: Stagnant pricing and unpaid dues.

TGBCL has not revised the basic price of United Breweries’ beer since the financial year 2019-20, leading to substantial financial losses for the company in the state. Moreover, significant overdue payments for past beer supplies remain unsettled by TGBCL.

TGBCL is yet to make any statement on the matter.