1) USL's continued reliance on Pioneer Distilleries for raw materials: Pioneer Distilleries runs a zero pollution 160 KLPD ENA manufacturing plant (ENA from molasses: 100 KLPD and from grain: 60 KLPD), 12 KLPD malt spirit, 2 lakh cases per month bottling facility in Maharashtra. Other products include denatured spirit, commercial CO2 and other distillery by-products. The merger would ensure uninterrupted operations of PDL's plant and provide better nimbleness...