United Spirits to Close Factory Operations at Hyderabad, India Unit

MT Newswires Live06-05

Alcoholic beverages manufacturer United Spirits (NSE:MCDOWELL-N, BOM:532432) has decided to cease factory operations at its Malkajgiri manufacturing unit in Hyderabad, India, according to a Thursday filing to the Indian stock exchanges.

The move is part of an agility program approved by the company's board in 2023, under which the company intends to transfer the excise license issued by the Telangana Prohibition & Excise Department to another party.

Following this, the factory operations at the unit will cease by Aug. 31.

During the financial year 2025-26, the unit contributed around 5.99 billion Indian rupees or 2% of the company's revenue from operations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2641191980?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-05 11:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2641191980","market":"hk","top_or_hot":-1,"title":"United Spirits to Close Factory Operations at Hyderabad, India Unit","media":"MT Newswires Live","content":"<html><body><p> Alcoholic beverages manufacturer United Spirits (NSE:MCDOWELL-N, BOM:532432) has decided to cease factory operations at its Malkajgiri manufacturing unit in Hyderabad, India, according to a Thursday filing to the Indian stock exchanges.</p><p>The move is part of an agility program approved by the company's board in 2023, under which the company intends to transfer the excise license issued by the Telangana Prohibition &amp; Excise Department to another party.</p><p>Following this, the factory operations at the unit will cease by Aug. 31.</p><p>During the financial year 2025-26, the unit contributed around 5.99 billion Indian rupees or 2% of the company's revenue from operations.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>United Spirits to Close Factory Operations at Hyderabad, India Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnited Spirits to Close Factory Operations at Hyderabad, India Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-05 11:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Alcoholic beverages manufacturer United Spirits (NSE:MCDOWELL-N, BOM:532432) has decided to cease factory operations at its Malkajgiri manufacturing unit in Hyderabad, India, according to a Thursday filing to the Indian stock exchanges.</p><p>The move is part of an agility program approved by the company's board in 2023, under which the company intends to transfer the excise license issued by the Telangana Prohibition &amp; Excise Department to another party.</p><p>Following this, the factory operations at the unit will cease by Aug. 31.</p><p>During the financial year 2025-26, the unit contributed around 5.99 billion Indian rupees or 2% of the company's revenue from operations.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MND","symbol_name":"MSCI 印度（美元）指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2641191980","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2641191980","pubTimestamp":1780629036,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Alcoholic beverages manufacturer United Spirits  has decided to cease factory operations at its Malkajgiri manufacturing unit in Hyderabad, India, according to a Thursday filing to the Indian stock exchanges.The move is part of an agility program approved by the company's board in 2023, under which the company intends to transfer the excise license issued by the Telangana Prohibition & Excise Department to another party.Following this, the factory operations at the unit will cease by Aug. 31.During the financial year 2025-26, the unit contributed around 5.99 billion Indian rupees or 2% of the company's revenue from operations.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","UBCP":"联合合众银行"},"translate_title":"United Spirits将关闭印度海得拉巴工厂","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MNDmain":1.5,"UBCP":1.5},"content_text":"Alcoholic beverages manufacturer United Spirits (NSE:MCDOWELL-N, BOM:532432) has decided to cease factory operations at its Malkajgiri manufacturing unit in Hyderabad, India, according to a Thursday filing to the Indian stock exchanges.The move is part of an agility program approved by the company's board in 2023, under which the company intends to transfer the excise license issued by the Telangana Prohibition & Excise Department to another party.Following this, the factory operations at the unit will cease by Aug. 31.During the financial year 2025-26, the unit contributed around 5.99 billion Indian rupees or 2% of the company's revenue from operations.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641191980","isCrawlerRequest":true}