Terra of Mauritius Plans Bottling Plant in India, l’Express Says

Grays Inc., a unit of Terra Mauricia Ltd. (TERA), plans to operate a wine and spirits bottling plant in India by the end of the year with an Indian company, l’Express reported, citing Director General Alain Vallet.

Grays, which distills and bottles spirits, plans to increase revenue from overseas operations to 60 percent from 10 percent, the Port Louis-based newspaper reported,without stipulating the period. Profit growth in 2012 is expected to range from 3 percent to 6 percent, it said, citing Vallet. Income for fiscal 2011 was 3.5 billion rupees ($113 million), it said.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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