Varun Beverages Limited has inked an agreement with Government of Jharkhand on December 18, 2023 for a proposed manufacturing plant in Patratu, Jharkand with a total capital outlay of app. Rs. 450 Crore (subject to necessary approvals) when fully commissioned in due course.

The MOU signifies a strategic collaboration between Varun Beverages Limited and the Government of Jharkhand, demonstrating the company's commitment to expanding its manufacturing footprint in the region.

The proposed manufacturing plant is expected to contribute to the local economy and generate employment opportunities while bolstering Varun Beverages Limited's production capabilities.

The total capital outlay of Rs. 450 Crore underscores the significant investment being made by Varun Beverages Limited in this venture.

The company aims to leverage the strategic location and conducive business environment in Jharkhand for the successful establishment and operation of the manufacturing plant.