Oct 13: Pincon Spirit Ltd (PSL), formerly Sarang Viniyog Ltd, one of the youngest and fastest growing companies in India with a business presence in the IMFL, IMIL and FMCG sectors, has announced a partnership with Kerala-based SDF Industries.
In a filing with the BSE, the company said it has entered into a bottling tie-up with SDF Industries, Palakkad, for their brands Ultra Force rum, Ruby Gold brandy, Pincon rum/brandy and King’s Coin rum/brandy.
“The Kerala State Beverages Corporation board has given the clearance and our products shall be rolled out in first week of November, 2017. The company is expecting sale of 3 lakh cases in current FY 2017-18,” it added.
SDF Industries specializes in the production of alcoholic liquor. Incorporated in 1978, Pincon Spirit Ltd is headquartered in Kolkata and manufactures industrial alcohol, Indian Made Foreign Liquor (IMFL) and country liquor.
Shares of the company surged more than 5% intraday Friday on BSE after the news came in. At 11.24 am, the Rs 10 face value shares were trading at Rs 64.30, up 4.13% from the previous closing of Rs 61.75.