ITC plans new paper plant with an investment of Rs. 50000 million

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Category: New Plants

ITC Papers & Boards which has diversified into FMCG in recent years is having its focus right on paper industry. It seems the paper business is profitable ones. It plans to invest Rs.40,000 to Rs.50,000 million in a new paper mill in Gujarat , Madhya Pradesh or Andhra Pradesh. It is scouting for 1500 to 2000 acres of land. Currently, the company operates a 0.5 mtpa paper plant.

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