Shares of SOM Distilleries and Breweries Ltd were trading 3% higher on 21 November after the company announced that it had received approval from ED (Excise Department) for the expansion of beer capacity at its plant in Karnataka’s Hassan district.

The liquor company, which is a leading manufacturer of beer, whisky, vodka, rum, gin, ready-to-drink beverages, and country liquor, had earlier informed the bourses about the capacity expansion to increase its production capacity by 60 lakh cases per annum at its Karnataka plant.

The company said that the order had been placed by suppliers based out of India and Germany.

Last month, the company announced the launch of its new strong beer, Legend, in the state of Karnataka.

The company has over five beer brands under its portfolio and has the largest single-location brewery plant with distillation, maturation, and storage facilities in India.

The facility is spread across 25 acres of land at the Rojra Chak village, which is 25 km away from Bhopal. The company has the capacity to manufacture more than 1.7 million cases of IMFL (Indian-made foreign liquor) per annum and 12.5 million cases of beer per annum.

At 3:30 pm, the shares of SOM Distilleries closed 1.61% higher at Rs 299.70 on NSE.