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Brewing company Carlsberg has committed to invest Rs 1,250 crore in the food processing sector in India, which is a "priority growth market" for the Danish group. This includes setting up greenfield facilities and expanding its existing units across the states by Carlsberg India, the company said in a statement on Monday. The company has signed a Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India, at World Food India 2025, which was held during September 25-28 in the national capital, it added It will invest "Rs 500 crore towards a new greenfield facility in Ahilyanagar, Maharashtra, Rs 400 crore for brownfield expansion in Hoogly, West Bengal, Rs 350 crore for brownfield expansion in Mysuru, Karnataka," the company, which is a step-down unit of Danish brewing giant Carlsberg, said. The agreement reaffirms Carlsberg's long-term commitment to India and will significantly strengthen its brewing and packaging footprint in the
Carlsberg Group, one of the leading global brewery groups, on Wednesday launched its first-ever IT Global Capability Centre in Gurugram as part of its plans to accelerate digital transformation while deepening its presence in one of its most strategic growth markets, India. The centre is a key milestone in Carlsberg's global digital transformation journey, underscoring India, Gurugram in particular, as a critical hub for technology, innovation, and future growth, the company said in a statement. The new GCC in Gurugram will deliver managed IT services, infrastructure operations, and application support for the company's operations worldwide. The centre will provide a scalable foundation for Carlsberg's digital growth. Carlsberg has partnered with global IT services and consultancy provider GSPANN to establish the GCC. Under a build-operate model, Carlsberg retains strategic ownership of the GCC's roadmap, while GSPANN will manage operations, talent ramp-up, and service delivery, it
Leading brewer Carlsberg India has seen its profit jump 60.5 per cent to Rs 323.1 crore in FY'24, according to RoC filing by the company. The total income of Carlsberg India was up 15.2 per cent at Rs 8,044.9 crore for the financial year ended March 31, 2024, according to the financial data accessed through business intelligence platform Tofler. This is the highest revenue for Carlsberg in India, crossing the milestone of Rs 8,000 crore, reaching nearly USD one billion from sales. "During the financial year 2023-24, profit amounting to Rs 323 crore under the standalone financial statement has been carried forward to 'Reserve and Surplus' including other comprehensive income in the balance sheet," the company said. The company, while informing its state of affairs, said the beer industry continued to post healthy growth in volumes. "Cash and bank balances increased from Rs 9,304 million to Rs 11,165 million with strong business performance, better trade working capital and lower .
Competition Commission of India (CCI) on Tuesday cleared Carlsberg Breweries' proposed acquisition of an additional 33.33 per cent stake in Carlsberg South Asia Pte Ltd. The deal has been cleared under the green channel route. The proposed transaction entails Carlsberg Breweries A/S (CBAS) buying an additional 33.33 per cent of equity share capital (on a fully-diluted basis) in Carlsberg South Asia Pte Ltd (CSAPL). CBAS is involved in the business of manufacturing, marketing, and distributing alcoholic beverages under numerous brands worldwide. The company is present through Carlsberg India Pvt Ltd (CIPL) and does not have any other direct or indirect business presence in the country. CSAPL is the holding company of South Asian Breweries Pte Ltd, Singapore, which, in turn, is the holding company of CIPL. "There are no horizontal overlaps, vertical/complementary links between the activities of the parties and their respective groups/affiliates," CCI said. "The proposed transactio