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ITC Paperboards and Specialty Papers Division - ITC to pump in Rs 2k cr in Bhadrachalam unit by ’25

ITC to pump in Rs 2k cr in Bhadrachalam unit by ’25


Feb 10 2020

Diversified multinational conglomerate ITC Ltd has drawn up plans to invest Rs 2,500 crore in its PSPD (paperboards & specialty papers division) business as part of plans to hike capacity to 1 million tonnes per annum (mtpa) by 2025.

 

A chunk of this investment — Rs 2,000 crore — will be pumped into its integrated pulp and paper manufacturing facility at Bhadrachalam, Telangana. ITC Bhadrachalam, which is spread over 500 acres and is touted as the largest site for pulp and paper production in India, procures 15 lakh tpa of pulp wood from nearly 8,000 farmers in the two Telugu states and has created over 1,800 direct and 3,000 indirect jobs.

 

He said another Rs 1,000 crore will be invested over the next five years for expanding the pulp mill capacity at Bhadrachalam to 4.75 lakh tpa at Rs 500 crore. Another Rs 500 crore will be pumped into Kovai (Coimbatore) facility to add a 1.5 lakh tpa paper board machine to enhance capacity at the plant to 2.5 lakh tpa. “We will be taking the necessary approvals for this Rs 1,000 crore investment plan in due course,” the ITC-PSPD COO said.

 

He said the investments in the PSPD business are aimed at driving growth and competitiveness of the business through an indigenous sustainable paper value chain anchored on an afforestation programme that has greened over 7.5 lakh acres across the country.
 
 
Registered Office: ITC LIMITED, 37 J. L. Nehru Road, Kolkata - 700071, India Ph: +91-33-22889371 | Corporate Identity Number: L16005WB1910PLC001985