Elitecon International gains after unveiling Rs 700 crore FMCG expansion plan
Mumbai, June 10 -- The company said it plans to build a diversified FMCG platform alongside its international tobacco export business. The strategy will focus on packaged foods and snacks, edible oils, and household essentials.
Elitecon said the expansion will be supported by its existing manufacturing facility in Nashik, Maharashtra, which spans more than 40,000 square feet. The company also plans to undertake capability enhancement initiatives based on commercial demand and operational readiness.
The company currently has a contracted tobacco export order book exceeding $119 million across Africa and the Middle East.
This includes a two-year export agreement with South Africa-based Bozza Tobacco valued at about Rs 202 crore. It also ...
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