Vintage Coffee And Beverages Ltd bags order from South East Asia

The instant coffee manufacturer Vintage Coffee And Beverages Ltd has bagged a large order to supply Instant Coffee from a large brand in South East Asia. The contract is worth Rs 17.60 crore. this order will help the company to strengthen it's presence in the huge South East Asian Instant Coffee market. This new order will improve the already increasing order book position.

"We are very happy to announce that we have bagged an export orders worth Rs 17.60 crore to South East Asia. This will boost our ever increasing order book.," according to Mr. Balakrishna Tati, Managing Director, Vintage Coffee And Beverages Ltd.

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 2 decades. Sample this: while the # coffee market at global level has seen a steady growth of 2.5 to 3% on a year-on-year, the Indian coffee market is growing at 10 to 15% ona 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.

Shares of Spaceage Products Ltd was last trading in BSE at Rs. 54.20 as compared to the previous close of Rs. 53.80. The total number of shares traded during the day was 285263 in over 1203 trades.

The stock hit an intraday high of Rs. 56.15 and intraday low of 53.25. The net turnover during the day was Rs. 15801418.00.

Source : Equity Bulls

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