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News @ Jains - Jain Irrigation Bags Rs. 840 Millions Mango Pulp Order.Jain Irrigation has bagged the largest order for Rs.840 millions from Hindustan Coca Cola Company for supply of mango pulp. Compared to the order of Rs.330 million last year, this is a quantum jump. Coke bottles Mango drink in India under the most popular brand name of Maaza. The Mango pulp business is expected to exceed a turnover of Rs.1600 million this year based on additional export orders in hand. Entire order will be processed in the current mango season. The fruit & vegetable processing division is expected to register more than 50% growth in the current financial year. JISL has five plants for fruit & vegetable processing in India and one in USA. JISL is expecting to process in excess of 75000 MTs of mangoes in the current season registering 60% growth in amount of quantity processed. The company is a major supplier to many MNCs and to global leading beverage & food brands. JISL has emerged as the largest processor of fruits & vegetables from India. Company will continue to invest to expand product range and to strengthen backward linkage with farmers so as to become major supplier of frozen, aseptic and dehydrated fruit & vegetable products. India is the largest producer of mangoes in the world with a share of more than 55% of the world production. India is also the producer of the most delicious mangoes such as Alphonso, Kesar, Dasheri, Totapuri, Chusa, etc. There is large potential for fresh mangoes as well as processed mango juice as consumers are preferring healthy drinks over other types of drinks. Fruit juice and fruit drink market in India is growing above 30% every year. Jain Irrigation Systems Ltd is a diversified company with more than 5,000 employees worldwide and market capitalization in excess of INR 3.00 bn and a product portfolio encompassing Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree, Pulp & Juices in India and other world markets. Jain Irrigation has been named as one of the eight Indian companies expected to emerge as challengers to the World’s leading companies by Standard & Poor’s recently in May 2007. |
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