Award of Contract for setting up machinery and equipment for manufacturing dairy sweets and job work for Milk Union at Ambala
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Team24 Consumer Products Ltd has secured a contract from Milk Union at Ambala to set up a dairy sweets and namkeen manufacturing unit at Plot No. 37, Industrial Area Phase-2, Panchkula. The scope includes supplying, installing, and commissioning the machinery, along with operating a VITA display retail store at Panchkula. The company will also handle job work for the Milk Union. No monetary value or contract duration has been disclosed in the filing.
This is a new business win that expands Team24's footprint into dairy sweets and namkeen manufacturing, potentially adding a new revenue stream. However, without a disclosed contract value or duration, the immediate financial impact on shareholders remains unclear.