Last Updated :
24 January 2012 at 17:10 IST
India's CCL to setup instant coffee unit in Vietnam
HANOI (Commodity Online): India's CCL products Ltd (BSE: CCLPR : 519600, NSE: CCL) to invest $25 million to commission 10,000 tons instant coffee unit in Vietnam.
The Vietnam government had invited the company to setup an instant coffee unit in 2010 to encourage local value addition.
CCL plans to setup unit at a cost $25 million, of which $15 million would be funnde by the EXIM Bank of India and rest will be funded by the internal accruals.
CCL is one one of the largest importer of coffee from Vietnam and one of the biggest suppliers of instant coffees to about 40 private labels worldwide.
On Bombay Stock Exchange (BSE), the company stocks traded up 2.415 to Rs 138 on 24th January at 16:30 IST.
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