Vintage Coffee and Beverages bags Rs 17.6 cr order

Hyderabad: Vintage Coffee and Beverages Ltd, a leading manufacturer of instant coffee from Hyderabad has announced that it has bagged a massive order to supply instant coffee from a large brand in Southeast Asia. The contract is worth Rs 17.60 crore. This order is set to helpthe BSE listed company to strengthen its presence in the Southeast Asian Instant Coffee market. This new order will improve the already increasing order book position.

Balakrishna Tati, MD of Vintage Coffee and Beverages, said: "We are very happy to announce that we have bagged an export order worth Rs17.60 crore to Southeast Asia. This will boost our ever-increasing order book."

The company is also in final stages of finalizing orders with European and West African customers for supply of consumer packs. This will significantly improve the turnover. India has seen an unprecedented increase in the number of coffee lovers over the last 2decades.

According to a report the coffee market at global level has seen a steady growth of 2.5to 3 per cent on a year-on-year, the Indian coffee market is growing at 10 to 15 per cent on a Y-o-Y basis. Factors driving demand for coffee in India include rising incomes, growing demand from the institutional sector, changing eating habits, health benefits, increased coffee cultivation in India, etc.