Order of Long-Term Supply of Goods
ELITECON · price
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Awaiting price reaction for this filing.
Elitecon International Ltd, a cigarettes and tobacco products manufacturer, has been awarded a 2-year long-term supply contract worth INR 2.02 billion (approximately USD 22.28 million) by Bozza Tobacco (PTY) Ltd, a South African company. The contract covers supply of cigarettes under brands including Red & Black, B&W, Cape, Ossum, Golden Flake, Roll-X, KASP, Rainbow Gold, Larnie, Black Hill, and Lisbon. The contract commenced on 6th April 2026 with a 1-year lock-in period. Payment terms are 90 days after delivery. This export order to South Africa represents the company's entry into the African continent and will provide steady export visibility over the contract period, supporting capacity utilization and operational planning.
This contract is positive for the company as it provides revenue visibility of approximately INR 2.02 billion over two years from a foreign buyer, strengthening Elitecon's export presence in Africa. The deal should contribute to better capacity utilization and operational stability.