Page 3 - Allied Blenders & Distillers
Aim to source 70% power requirement from solar energy in FY24: ABD
Allied Blenders and Distillers (ABD) on Wednesday said it plans to source 70 per cent of its power consumption from solar energy in the next financial year. In FY22, ABD's units consumed approximately 27 lakh units of electricity from local electricity boards. "Allied Blenders and Distillers (ABD) Ltd, India's largest domestic alcobev company, announced that it is aiming to replace 70 per cent of the power with renewable solar power in the next financial year (FY'24)," a company statement said. To achieve, this ABD is installing solar power plants in seven of its units. Total installed capacity of these plants will be 1,400 KW. Environmental, Social and Governance (ESG) is to take steps to make a difference for the business and the world. The Government of India and respective states are taking several initiatives for cleaner energy and this initiative addresses a similar thinking, it added. Shekhar Ramamurthy, Executive Deputy Chairman, ABD, said, "We have instilled ESG at the he
 "Aim to source 70% power requirement from solar energy in FY24: ABD")
Liquor volumes may take 20% hit in FY21 due to closed shops, tax hikes
It could be the sharpest fall in four years
 "Liquor volumes may take 20% hit in FY21 due to closed shops, tax hikes")
ABD eyes acquisitions as it expands liquor sales
In July 2015, ABD had acquired Shasta Bio Fuels for Rs 200 cr
 "ABD eyes acquisitions as it expands liquor sales")