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India Glycols partners Amrut Distilleries, plans to demerge spirits biz

Nov 14, 2024•over 1 year ago

Contract Type

partnership

DelhiManufacturing

Description

India Glycols Ltd has announced a partnership with Bengaluru-based Amrut Distilleries and is considering demerging its spirits business and subsequently listing on the exchanges. As part of its strategy to enter the premium whisky market, IGL will distribute and sell select Amrut brands in the premium segment across north India markets. The partnership aims to capture a double-digit market share in the relevant premium segment over the next couple of years.

Company Information

Company

India Glycols Ltd

Location

Delhi, India

About

India Glycols Ltd is a company that operates from speciality chemicals to alchoBev segment, and it gets about 25 per cent of its revenue from IMFL business.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months