CCL Products (India) Ltd

CCL Products (India) Limited is engaged in the production, trading and distribution of Coffee. The company has business operations mainly in India, Vietnam and Switzerland. The company has established ... its longstanding presence in the international markets in two forms of instant coffee - Spray Dried and Freeze Dried and keeps upgrading the same with latest technology available globally to get better yield. CCL Products India Ltd, formerly known as Continental Coffee Limited, was incorporated as Public limited company in March 22nd, 1961. Initially the company's business was related to Hire purchase financing activities; subsequently the company diversified its activities and added 'Coffee, Instant Coffee and related products and manufacture thereof' to its 'Object Clause'. Subsequently, the name of the company was also changed from 'The Sahayak Finance & Investment Corporation Ltd' to 'Continental Coffee Limited'. The company started commercial production of coffee on 9th April 1995 with a capacity of 3600 Mts. The company came out with a public issue in June 1995. The company had a Rights issue of Rs.800 lakhs at par to the existing shareholders of the company, which opened on 15.04.1994 and closed on 08.06.1994. During 1998-99, the company divested the shares held by it in Continental Coffee industries (UK) PLC, a joint venture in the UK. The company has won the 'Second Best Exporter' award from the Vishakapatnam Export Processing Zone (VEPZ) among 100% EOUs in Andhra Pradesh & Yanam for the excellent Export performance for the year 2000-01. During 2002-03 the company acquired 49% stake in Associated Coffee Merchants (International) Ltd and the consideration made was Rs.481.44 lakhs. CCL Products (India) spent Rs 1,074 Lakhs towards balancing equipment during the financial year ended 31 March 2015. CCL Products (India) spent Rs 4363.76 Lakhs towards purchase of land; building and balancing equipment during the financial year ended 31 March 2016. CCL Products (India) spent Rs 1719.62 Lakhs towards plant & machinery and other equipment during the financial year ended 31 March 2017. Due to refurbishment of the company's Freeze Dried Unit during the second quarter of the financial year the plant was operating at sub-optimal capacity and the plant was back to normal capacity after the completion of refurbishment. During the financial year 2018, the company spent towards capex at Duggirala plant for Civil works and line balancing of plant & machinery Rs 23 crores and at SEZ in Kuvakolli, Chittoor District for establishment of a new freeze-dried coffee plant Rs 198 crores respectively. During the year 2019-20, CCL Beverages Private Limited was incorporated and became wholly owned subsidiary of Company to implement agglomeration and packing project at Kuvvakolli Village. Pursuant to a Scheme of Amalgamation, passed by the Order of Hon'ble National Company Law Tribunal, Amaravati Bench, CCCL Beverages Private Limited was amalgamated with CCL Products (India) Limited effective from 09th November, 2021 . Read More