McLeod Russel India Ltd will acquire 100 per cent equity in Phu Ben Tea Co of
Phu Ben Tea Co produces 4.5 million kg of CTC black tea annually and has an annual turnover of about Rs 25 crore. It has three processing factories that would be stepped up from 4.5 million kg at present to 6 million kg within the next two years and 12 million kg in four years. The company owns 1,000 hectares, of which 80 per cent is under plantation, and plans to acquire another 1,000 hectares. The size of investment is still being worked out but the modernization of the factories might initially cost around $1 million.
The acquisition will boost the total tea production of McLeod Russel and its subsidiaries to more than 80 million kg annually. The entire production of the Vietnamese company would go to meet export commitments. With domestic tea prices in
| Company Name | CMP |
|---|---|
| Tata Consumer Produc | 1093.50 |
| CCL Products (India) | 1078.35 |
| Mcleod Russel | 43.49 |
| Goodricke Group | 165.30 |
| Jay Shree Tea | 83.50 |
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