United Breweries Shares Plunge 7% On Suspending Beer Supply To Telangana Beverages Corp
TGBCL's failure to revise the basic price of the company’s beer since fiscal 2020 is one of the reasons behind the suspension, United Breweries said.
United Breweries halts beer supply to Telangana over pricing disputes
Maker of Kingfisher beer, United Breweries saw a 4% share drop following its suspension of beer supply to Telangana Beverages Corporation Limited
UBL suspends beer supply to Telangana Beverages corp over unpaid dues and base price freeze
United Breweries Ltd suspends beer supply to Telangana due to operating losses, overdue payments, and lack of price revision.
No Kingfisher Beer for Telangana as UB Halts Supply
Hyderabad: United Breweries, the maker of popular beer brands like Heineken and Kingfisher, announced on Wednesday that it has suspended the supply of beer to Telangana Beverages
United Breweries Suspends Beer Supply Over Pricing Conflict
United Breweries Ltd has halted beer supply to Telangana Beverages Corporation Ltd due to a longstanding issue over unrevised pricing since 2019-20, leading to substantial losses. Additionally, unpaid dues from the corporation have contributed to making the supply financially unfeasible.
Kingfisher and Heineken beer will no longer be available in Telangana as UB suspends beer supplies with immediate effect
United Breweries Limited (UBL) announced on Wednesday (January 8, 2024) that it has decided to halt beer supplies to the Telangana Beverages Corporation Limited (TGBCL) with immediate effect. The image is used for representative purposes only. | Photo Credit: Getty Images
United Breweries stops beer supply to Telangana; stock slumps nearly 7%
United Breweries Ltd (UBL), the maker of Kingfisher beer, announced on Wednesday that it has suspended the supply of its beer to Telangana Beverages Corporation Limited (TGBCL), the state's sole distributor of alcohol.
United Breweries Suspends Beer Supply To Telangana Beverages Corporation
Moreover, significant overdues remained unpaid by TGBCL for the past supply of beer by the company, it added without disclosing the details.
Kingfisher beer maker UB suspends supply to Telangana; association alleges state pays 90% less than other states
Despite two years of efforts to address the issue, there has been no increase in the base prices of their products, leading to escalating losses that have rendered their operations in Telangana unviable.
Heineken's United Breweries halts beer sales in Indian state over pricing
By Rishika Sadam, Nandan Mandayam and Indranil Sarkar HYDERABAD/BENGALURU (Reuters) -Heineken-owned United Breweries on Wednesday stopped supplying beer to Telangana in southern India, following the state's refusal to allow price rises,
Telangana rations beer amid 'limited availability' ahead of Sankranti; here's why
United Breweries Ltd has suspended beer supply to Telangana due to owed payments and low state prices. The Telangana ...
Deccan Chronicle10h
75 percent of liquor bill arrears traced to BRS regime
HYDERABAD: Of Rs 3,600 crore that the Telangana Beverages Corporation Ltd (TGBCL) owes to different liquor companies, around ...
Kingfisher, Heineken beer will no longer be available in THIS state, know why
UBL highlighted the unviable nature of its operations due to stagnant base prices for its products over the past two years.