Tata Coffee shines on plans of acquiring instant coffee maker in Europe

Tata Coffee is currently trading at Rs 747.60, up by 10.90 points or 1.48% from its previous closing of Rs 736.70 on the BSE.

The scrip opened at Rs 748.00 and has touched a high and low of Rs 759.00 and Rs 746.25 respectively. So far 25750 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1075.00 on 21-Mar-2011 and a 52 week low of Rs 355.00 on 10-Dec-2010.

Last one week high and low of the scrip stood at Rs 770.10 and Rs 706.90 respectively. The current market cap of the company is Rs 1375.94 crore.

The promoters holding in the company stood at 57.48% while Institutions and Non-Institutions held 5.88% and 36.64% respectively.  

Tata Coffee, India’s largest Coffee Producing Company is planning to invest over Rs 500 crore to acquire an instant coffee maker in Europe seeking to add more profitable customers.

The company is planning to increase its instant coffee production by 75 percent to 14,000 metric tons in the next four years in part by acquiring a plant in Europe. Tata Coffee, which supplies beans to Starbucks Corporation the world’s largest coffee-shop operator, is also boosting production of the arabica variety.

Tata Coffee is arguably the largest integrated coffee plantation company in the world. The company has a hand in every aspect of the coffee making process, with business activities ranging from growing and curing of coffee and tea to the manufacture and marketing of value-added coffee products. It owns 19 coffee estates located in ideal coffee growing highlands of Southern India, with fertile soils and invigorating climate.