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Nov, 04 2015

Jain Irrigation mark three year value pact at Rs 750-crore with Hindustan Coca-Cola

This is the third successive three-year agreement of Hindustan Coca-Cola Beverages Pvt Ltd (HCCBPL), the largest bottler of Coca-Cola in India with the firm\'s food division.

 

Jain Irrigation said that the company has inked a three-year pact valued at Rs 750 crore with Hindustan Coca-Cola Beverages to supply mango pulp, reported PTI.

This is the third successive three-year agreement of Hindustan Coca-Cola Beverages Pvt Ltd (HCCBPL), the largest bottler of Coca-Cola in India with the firm's food division.

"As part of this partnership, Jains and HCCBPL is implementing program Unnati, a project to improve yields of farmers and build and sustainable supply chain using ultra- high density plantation technology," said Jain Irrigation in a regulatory filing.

Jain Irrigation supplies major quantities of mango pulp to franchisee owned bottling units of Coca-Cola across India and around the world.

Jain's fruit processing division is one of the largest processor of mangoes in the world with one plant in Jalgaon (Maharashtra) and two plants in Chittoor (Andhra Pradesh).

Also, Jain supplies to major multinational food companies including Unilever and Nestle.

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