 "Hindustan Coca Cola Beverages announces Rs 350 cr investment in MP")
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, on Saturday announced a fresh investment of Rs 350 crore for its factory in Rajgarh, Madhya Pradesh.
The announcement, made at the Regional Industry Conclave in Ujjain, will elevate the company’s cumulative investment in Madhya Pradesh to Rs 660 crore.
“The fresh infusion of capital will see the introduction of two new, state-of-the-art manufacturing lines at HCCB’s factory in Rajgarh, that will produce Affordable Small Sparkling Packs (ASSP) and juice tetra packs,” the company stated.
The expansion will not only boost HCCB’s manufacturing capabilities but also significantly contribute to the state’s economy, it added in a release.
The company has already invested over Rs 311 crore in the state since 2000 in its Rajgarh plant.
"Notably, the recent expansions in 2022 and 2023 included the addition of a Juice PET (polyethylene Tterephthalate) production line and an aerated Water line, totaling an investment of Rs 247 crore," the company further said.
Through its 13 factories spread across India, HCCB manufactures and sells 37 different products across eight categories.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%