The entire campus will be self-sufficient for its power requirement primarily using biomass/non-carbon fuels, the company added.

It further said that in addition to an annual ENA/absolute alcohol production capacity of over 10 crore liters, the campus also has a bottling capacity of over 15 million cases. The company has also set up a malt maturation capacity of 10,000 barrels at the Sitapur campus.

Dr. Lalit Khaitan, Chairman and Managing Director said: “We expect that the plant will fully stabilise within 2-3 weeks' time and shall achieve over 90% efficiency. Full financial benefit of the Sitapur manufacturing facility expected to be realised from Q3 FY24.”

Abhishek Khaitan, Managing Director said: “The commissioning of the Sitapur plant not only secures long term ENA supplies but also positions us strongly to capitalise on the future growth opportunities in the branded business with enhanced bottling capacities. The setting up of the malt maturation facility strengthens the pipeline for our Rampur Indian Single Malt.”

Radico Khaitan is among the oldest and one of the largest manufacturers of IMFL in India. Earlier known as Rampur Distillery Company, Radico Khaitan commenced its operations in 1943 and over the years emerged as a major bulk spirits supplier and bottler to other spirit manufacturers.

The scrip declined 0.34% to currently trade at Rs 1214.15 on the BSE.