Contract secured to build and equip a dairy sweets and namkeen manufacturing facility for a Milk Union in Haryana.
Strategic contract award: Team24 Consumer Products Limited has secured a new manufacturing contract to supply, install and commission machinery and equipment for a dairy sweets and job work unit in the Industrial Area Phase-2, Panchkula (Haryana). The deal positions the company in the food processing segment with a focus on value-added dairy products and allied snacks.
Scope of the project: Under the agreement, Team24 will be responsible for equipping a dairy sweets and namkeen manufacturing unit for a regional Milk Union based at Ambala, adjacent to Panchkula. The setup includes end-to-end machinery installation, testing, and commissioning to enable production activities on site.
Retail and operations component: Beyond plant setup, the contract also envisages Team24’s involvement in operating a VITA-branded retail display store at the Panchkula location, which could help extend market reach for finished dairy sweet products and local snack offerings.
Market positioning: For Team24, this project marks a diversification into dairy processing — particularly sweets and namkeen production segments — a category attractive to India’s growing consumer base for value-added dairy foods. The project signals operational expansion in Haryana, a state with a strong dairy resource base.
Investor attention: The news has also drawn attention in capital market reporting, with commentary on Team24’s stock movement linked to the announcement — reflecting investor interest in dairy and food manufacturing contract wins as a driver for business growth.
Source: ScanX Trade – https://scanx.trade/stock-market-news/orders-deals/team24-consumer-products-limited-secures-contract-for-dairy-manufacturing-unit-setup-at-panchkula/32980204
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