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Search results for tgbcl

Mint Primer | Telangana liquor crisis: What just went wrong?
10 hours, 59 minutes ago

Mint Primer | Telangana liquor crisis: What just went wrong?

Live Mint  

Telangana delayed payments between February and August 2024 as it faced lower-than-expected revenue and increased expenditure from poll promises and various schemes. Telangana owes a substantial sum, estimated by industry bodies at ₹3,900 crore, to alcohol businesses. Despite Telangana Beverages Corporation Ltd acknowledging outstanding payments, the state’s ability to clear these dues remains uncertain. TGBCL is a state government entity …

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Kingfisher beer maker UB suspends supply to Telangana; association alleges state pays 47% less than other states
6 days, 20 hours ago

Kingfisher beer maker UB suspends supply to Telangana; association alleges state pays 47% less than other states

Live Mint  

BSE-listed United Breweries Ltd, maker of popular brands like Kingfisher, on Wednesday, announced the immediate suspension of beer supplies to Telangana Beverages Corporation Ltd due to significant and ongoing operating losses in the state. The company in its BSE filings said it had decided to suspend the supply of its beer to Telangana Beverages Corporation with immediate effect as the …

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Kingfisher and Heineken beer will no longer be available in Telangana as UB suspends beer supplies with immediate effect
Trending News
6 days, 22 hours ago

Kingfisher and Heineken beer will no longer be available in Telangana as UB suspends beer supplies with immediate effect

The Hindu  

Kingfisher and Heineken beer will no longer be available in Telangana, as United Breweries Limited has decided to halt beer supplies to the Telangana Beverages Corporation Limited with immediate effect. The company attributed this move to severe operating losses, describing it as a critical step to maintain financial sustainability amidst the growing challenges faced by the brewing industry in the …

Beer Telangana Company State Ubl
United Breweries stock falls over 7% amid beer supply suspension in Telangana
1 week ago

United Breweries stock falls over 7% amid beer supply suspension in Telangana

Live Mint  

Shares of United Breweries Ltd, the manufacturer of Kingfisher beer, dropped over 7 percent on Wednesday, January 7, after the company announced the immediate suspension of beer supplies to Telangana Beverages Corporation Ltd. "This decision of the company has arisen because TGBCL has not revised the basic price of the company’s beer since 2019-20, resulting in huge losses in the …

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