Elitecon International Signs $60M Supply Deal with South African Firm

Elitecon International Limited has entered into a Product Supply Framework Agreement with World Class 77, South Africa, for potential export supplies. The agreement, effective from September 26, 2026, to August 31, 2027, covers cut blended tobacco, homogenised tobacco, cigarettes, and fast-moving consumer goods. It establishes a non-exclusive framework with an indicative programme ceiling of up to USD 60 million (approximately ₹574.20 crore). Individual supplies will be based on purchase orders accepted by Elitecon, with deliveries typically on FCA, Jawaharlal Nehru Port terms and payment due 90 days after the transport-document date. This agreement aims to support the development of Elitecon's international business.