The company will move swiftly to consolidate its recent acquisition of three distilleries and will also take a decision on setting up a Rs 650-crore two-furnace glass plant in Andhra Pradesh, said sources.
USL has already acquired land for the glass plant in an effort to move away from buying glass from a single supplier, Hindustan National Glass and Industries Ltd.
Till the plant is set up, the company is looking at sourcing glass from China and is also planning to increase the usage of tetra packs for various of its spirit brands.
The Vijay Mallya-led company, which is in the process of completing a stake sale deal with British multinational Diageo Plc, is also looking at this new glass plant as one of the future suppliers to Diageo’s Asia-Pacific requirements.
Diageo, which currently has 10.4 per cent stake in USL, is hoping to raise its stake to 27.4 per cent by the end of June, and after that, may look at operational integration.
As part of the multi-pronged transaction in which Diageo was seeking to pick up as much as 53.4
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