Jain Irrigation gains on new contract worth Rs 751 crore

The 3-year supply contract from Hindustan Coca-Cola Beverages Ltd is valued at Rs 751 crore

Shares of Jain Irrigation were up nearly 2% at Rs 64 after the company said its Food Division has won a contract from Hindustan Coca-Cola Beverages Ltd (HCCBPL0, the authorised and largest bottler for India, of The Coco-Cola Company, Atlanta, USA.

The order is supply of Mango pulp and the contract is valued at Rs 751 crore, the company said in a release adding that this is the third consecutive 3 year contract executed with Jains.

The company's Food Division is a strategic supplier of fruit purees to HCCBPL, the release said.

The stock opened at Rs 63 and touched a high of Rs 65. At 12:35pm, over 4.2 million shares were traded on both the stock exchanges.