Elitecon International Secures Long-Term Supply Contract Valued at INR 2.02 Billion
Elitecon International Ltd has secured a long-term supply contract for its tobacco products, marking a significant contract award in the international export sector. The order was awarded by Bozza Tobacco (PTY) Ltd, providing the company with substantial export visibility over the contract tenure.The contract, valued at INR 2.02 Billion, is for the supply of cigarettes and various tobacco-allied products, including brands such as Red and Black, B&W, Cape, Ossum, and Golden Flake.
This long-term supply order is noted to provide the company with steady export visibility and supports the efficient utilization of manufacturing capacities. Experts suggest the deal strengthens Elitecon International's presence within the South African market, aligning with the company’s strategic focus on expanding exports and building a sustainable, scalable business model on the African continent.
Contract Details
The agreement details the parameters of the supply chain, establishing a two-year operational period. The transaction was initiated with an effective date of April 6, 2026, and was formally signed on April 14, 2026.The core terms of the contract are summarized below:
| Aspect | Detail |
|---|---|
| Buyer | Bozza Tobacco (PTY) Ltd |
| Nature of Contract | Long Term Supply Contract |
| Products Supplied | Cigarettes and Tobacco Products |
| Contract Value | INR 2.02 Billion |
| Contract Duration | 2 Years |
| Payment Terms | 90 days after delivery |
| Buyer Location | Johannesburg, Gauteng, South Africa |
The agreement stipulates that the Buyer shall pay within 90 days after delivery, while the Seller shall ensure the goods are ready for collection at the specified Delivery Location on the relevant Delivery Date. The contract also mandates that the Seller use its best endeavors to supply the goods according to the Buyer's purchase orders.
Stock Price Movement
As of 09:25, Elitecon International Ltd shares are ticking up, currently trading at ₹40.00, marking a 1.27% increase for the session. The stock has seen notable intraday movement, bouncing between a low of ₹39.30 and a high of ₹41.00.Source:
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