Jain Irrigation said the company has inked a three-year pact valued at Rs. 750 crore with Hindustan Coca-Cola Beverages to supply mango pulp.
This is the third consecutive three-year agreement of Hindustan Coca-Cola Beverages Pvt Ltd (HCCBPL) — the largest bottler of Coca-Cola in India — with the firm’s food division.
“As part of this partnership, Jains and HCCBPL are implementing program Unnati, a project to improve yields of farmers and build and sustainable supply chain using ultra- high density plantation technology,” Jain Irrigation said in a regulatory filing.
Jain Irrigation supplies major quantities of mango pulp to franchisee owned bottling units of Coca-Cola across India and around the world.
Jain’s fruit processing division is one of the largest processor of mangoes in the world with one plant in Jalgaon (Maharashtra) and two plants in Chittoor (Andhra Pradesh).
In addition, Jain also supplies to major multinational food companies including Unilever and Nestle.