Alcohol stock falls 7.5% after it suspends beer supply to Telangana Beverages Corp

A major brewing company has halted its beer supply to the state-owned beverage corporation in Telangana, citing mounting financial pressures. The decision comes as the corporation faces criticism over long-standing price stagnation since 2019-20 and substantial payment backlogs, making continued business operations unsustainable in the region. Share Price Movement  The share price of United Breweries Limited … Continue reading Alcohol stock falls 7.5% after it suspends beer supply to Telangana Beverages Corp