Elitecon International has entered into a Product Supply Framework Agreement (Agreement) with World Class 77, a company incorporated in South Africa. The agreement covers the potential export supply of cut blended tobacco, homogenised tobacco, cigarettes and fast-moving consumer goods, with an aggregate indicative programme ceiling of up to $60 million, equivalent to around Rs 574.20 crore at the contractual reference rate of Rs 95.70 per USD, during the term ending on August 31, 2027.
The agreement provides a structured commercial framework for the company’s export supplies to South Africa and is intended to support the continued development of its international business.
Elitecon International is engaged in manufacturing and trading of cigarettes, smoking mixture and sheesha and other allied products of the tobacco industry across Domestic Market and Overseas Market.
