Elitecon International Secures USD 97M Supply Contract
Filing Summary
Elitecon International Ltd has secured a long-term supply contract valued at approximately USD 97.35 million (INR 8.75 billion) with Yuvi International Trade FZE. The contract involves the supply of cigarettes, premix sheesha, hookah tobacco, and other tobacco-allied products over a two-year period. This agreement is with an international entity and does not involve any related party transactions. The contract supports Elitecon’s manufacturing capacity utilization and aligns with its export expansion strategy in Middle Eastern markets.
Elitecon International Ltd has announced the receipt of a long-term supply contract valued at approximately USD 97.35 million (INR 8.75 billion) with Yuvi International Trade FZE. The contract was awarded in the normal course of business and involves the supply of cigarettes, premix sheesha, hookah tobacco, smoking mixtures, and other tobacco-allied products.
The agreement is structured as a long-term supply contract with a duration of two years. It is an international contract, and the awarding entity, Yuvi International Trade FZE, is not related to Elitecon’s promoter group or group companies. There are no related party transactions involved in this contract.
The contract provides Elitecon with steady export visibility over the contract period. It is expected to support efficient utilization of the company’s manufacturing capacities and aid in better planning of operations. The agreement aligns with Elitecon’s ongoing focus on expanding its exports and building a sustainable business model.
Yuvi International Trade FZE is involved in international trade, focusing on the distribution of various products across different markets. The partnership with Elitecon International is part of its strategy to source quality products for its distribution network.
Elitecon International Ltd is a BSE-listed company engaged in the production and export of tobacco products. The company focuses on expanding its presence in international markets, particularly in the Middle East, and aims to enhance its operational efficiency and product offerings through strategic partnerships and contracts.