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States » SouthPosted at: Apr 14 2025 7:32PM


Liquor industry urges Telangana Govt to clear Rs 3,100 cr dues, allow price hike

Hyderabad, Apr 14 (UNI) The Indian liquor industry has appealed to the Telangana government to clear outstanding dues worth Rs 3,100 crore, citing severe liquidity and working capital challenges.
The Confederation of Indian Alcoholic Beverage Companies (CIABC) and other industry bodies have written to Chief Minister Revanth Reddy and Excise Minister J Krishna Rao, stressing the urgent need for payment clearance and a price hike to offset rising production costs, a statement said on Monday.
Since late 2023, payments from the Telangana State Beverages Corporation Ltd (TSBCL) have been delayed beyond the 45-day credit period outlined in the Rate Contract Agreement (RCA), pushing the cumulative interest burden to over Rs 325 crore. Despite this, companies have maintained uninterrupted supply to the state.
CIABC Director General Anant S. Iyer noted that prepayment of license and label registration fees, coupled with delayed receivables, is straining the industry and deterring new investments.
He also urged the state to approve price hikes for spirits and wine, similar to the recent revision granted to the beer sector, to address inflation in input and logistic costs.
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Tags: #Liquor industry urges Telangana Govt to clear Rs 3#100 cr dues# allow price hike
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