Now Kingfisher beer will not be sold in this state, due to this the company took a big step

Kingfisher beer: Kingfisher beer manufacturing company United Breweries Limited (UBL) has introduced a big resolution on Wednesday. Under this, it has been introduced to cease the provide of beer to Telangana Beverages Corporation Limited (TGBCL) with instant impact. TGBCL (Telangana Breweries & Distilleries Company Limited) did not enhance the value of its beer from 2019-2020, due to which the company is incurring losses. UBL mentioned that efforts have been made to resolve this problem in the final two years, however to no avail.

UBL faces losses in Telangana

The company mentioned in a BSE submitting that it has determined to cease supplying its beer to Telangana Beverages Corporation as the company has not elevated the value of the company’s beer since the monetary yr 2020, main to widening losses in the state. Is. Along with this, the company has additionally not paid the full quantity for the beer provided earlier.

Telangana authorities is not taking concrete steps

TSBCL is a authorities group, it controls the sale of liquor in retail and wholesale sectors in the state. It was shaped in 2014 after it was separated from Andhra Pradesh Beverages Corporation Limited.

BL instructed the media that the company has a ethical accountability in direction of the stakeholders, in view of which beer is now not being sold at a loss. The company additionally knowledgeable that on their behalf, the Brewers Association of India (BAI) has appealed to the Telangana authorities a number of occasions to enhance the costs to scale back the burden of rising inflation, however until now no resolution has been taken on this. .

Production price elevated, however not value

The Mint, quoting the letter despatched by the affiliation to the Excise Department and the CM of Telangana, mentioned in its report that even as we speak the costs at the 2019 charge are paid to the beer manufacturing firms on behalf of Telangana. Meanwhile, the manufacturing price of firms elevated by 35-40 %. Here the authorities did not simply enhance the costs of beer to compensate for this. Due to this, a query mark has now been raised on the provide of beer in Telangana.

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