Indian made Foreign Liquor producer Tilaknagar Industries [stockquote]TI[/stockquote]has acquired 100% stake Srirampur Grains Pvt Ltd and P.P. Caps Pvt Ltd to strengthen its backward integration.
The acquisition of the Srirampur Grain and P. P. Caps would bring cost and quality advantages to TI and make it self-reliant – Mr Dahanukar, CMD – TI
The acquisition of Srirampur Grains would help TI source grains directly from the farmers, thus reducing raw material cost and leading to higher yield.
P.P. Caps Pvt. Ltd that would help reduce the raw material costs relating to bottle caps, which form an important component of its expenditure.
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