Globus Spirits Limited informed that on 28th March '2024 the company commenced commercial production of additional capacity at two of its existing units located at District East Singhbhum, Jharkhand and at Panagarh, Dist: Burdwan, West Bengal. With this expansion, the capacity of the units is increased from 140KLPD to 200KLPD at Jharkhand and from 240KLPD to 300KLPD at West Bengal. The additional capacity will be used for various products including ENA and Ethanol.

The expansion has been completed with a total investment of INR 1,420 million financed largely through internal accruals and a term loan drawdown of INR 140 million.