The agreement is effective immediately and shall remain valid for the period of 10 years and shall be renewable thereafter by mutual consent. The co-operation could be extended to more states in the near future.

Shares of Tilaknagar Industries rallied for third trading session. The stock has added nearly 24% in three days from its previous closing low of Rs 29.45 posted on 31 March 2021.

Tilaknagar Industries is engaged in manufacturing Indian Made Foreign Liquor (IMFL). The company posted a consolidated loss of Rs 3.89 crore in Q3 FY21 as against a net loss of Rs 37.46 crore in Q3 FY20. Net sales rose 2.2% to Rs 167.62 crore in Q3 FY21 over Q3 FY20.