Coco-Cola India’s bottling arm, Hindustan Coca-Cola Beverages (HCCB), has plans to set up a second factory in Telangana. The factory will be state-of-the-art, digitally enabled, automated, and smart.

In the first phase, the FMCG firm will pump in Rs 600 crore in the new factory, manufacturing juices, enhanced water, packaged water, and sparkling beverages. The announcement was made in the presence of Juan Pablo Rodriguez, Chief Commercial Officer, Bottling Investments Group, Coca-Cola Company, and Neeraj Garg, Chairman & CEO, HCCB, along with Telangana Industries Minister KT Rama Rao.

• Zomato Shares Slump 2% on Receiving Rs 803 Crore GST Tax Notice 
• Bajel Projects Shares Skyrocketed 15% on Order from Solapur Transmission
• AVG Logistics Shares Trade 2% Higher on Bagging Rs 90 Crore Order 
• Hindustan Aeronautics Shares Gain 2% on Contract with MoD
• Pennar Industries Shares Rally 4% on Entering JV to Sell Solar Modules 

Telangana government and HCCB today signed a memorandum of understanding (MoU) for capacity building of organizations in water, solid waste management, and skill-building, reported by the media. The new factory will be developed at Bandathimmapur Food Processing Park, Siddipet district. Its commercial production is expected to begin by 2023-end.

Notably, Telangana State Industrial Infrastructure Corporation (TSIIC) has allotted a land parcel measuring 48.53 acres to the company.