Elitecon International entered into a Product Supply Framework Agreement with South Africa-based World Class 77 covering potential exports of cut blended tobacco, homogenized tobacco, cigarettes, and fast-moving consumer goods, according to a report in Business Standard. The agreement, signed Sept. 26, establishes an indicative program ceiling of up to $60 million, or approximately ₹574.2 crore, based on a contractual reference rate of ₹95.70 per U.S. dollar.
The agreement runs through Aug. 31, 2027, and provides a commercial framework for Elitecon’s export supplies to South Africa. The company said the agreement is intended to support the continued development of its international business.