ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Phoenix Electric (India)

West Coast Brewers and Distillers West Coast Brewers and Distillers, promoted by D God and L Goel of the Surlux group of companies, is setting up a brewery and distillery project at New Bombay for the manufacture of 50,000 hecto litres of beer, 1,500 tonnes of malt extract and 6,000 tonnes of barley malt per annum at a capital outlay of Rs 1,910 lakh. To part finance the cost of the project, the company is making an issue of 1,08,60,000 equity shares of Rs 10 each at par totalling Rs 1,086 lakh. Out of (his, 5,43,000 shares are earmarked for preferential allotment to the employees of the company (including Indian working directors) and also those of the promoter companies. The remaining 1,03,17,000 equity shares are being offered to the Indian public The plant is expected to be installed by July 1993 and commercial production will commence by September 1993. The company expects to achieve a turnover of Rs 1,389.21 lakh in the very first year of commercial production which will reach Rs 1,426.61 lakh and Rs 1,474.01 lakh in the second and the third year respectively. The issue is opening on September I. PNB Capital Services and Weizmann Industries arc the lead managers to the issue.

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