This company bags orders to export instant coffee to Russia and other CIS countries

Vintage Coffee and Beverages Ltd has informed the Exchange that it bagged orders worth Rs 21 crore to export instant coffee to Russia and other Commonwealth of Independent States (CIS) countries.

Commenting on the development, Managing Director of Vintage Coffee and Beverages, Balakrishna Tati, said, "The new orders will boost the order book position to Rs 61 crore and help the company leverage its position in the fast-growing instant coffee market. Other group companies of Vintage Coffee and Beverages are in an advanced stage of finalisation of orders with European and West African customers for supply of consumer packs."

Vintage said, in association with group companies, it is keen on launching coffee products in soluble, roast and ground forms. The move is being considered in the backdrop of coffee consumption in India increasing post pandemic and the younger generation being more inclined towards coffee.

Vintage Coffee and Beverages is a holding company of Vintage Coffee, a 100% export oriented unit incorporated in 2015 in Hyderabad. Its instant coffee plant in Mahbubnagar district, on 23 acres, was commissioned in 12 months. The 1.50 lakh sq.ft. factory is equipped with the latest technology to manufacture both spray dried and agglomerated instant coffee, the company said.