ITC completes Rs 3,498 crore Century Pulp and Paper acquisition
The acquisition lifts ITC’s paperboards and paper capacity by more than 50% to around 1.5 million metric tonnes, strengthening its northern India presence, raw-material access and sustainable packaging capabilities.
ITC completed its Rs 3,498-crore acquisition of Century Pulp and Paper, lifting paperboards and paper capacity by over 50% to about 1.5 million tonnes. The deal expands northern India reach, raw-material access and sustainable-packaging capability.
Why this matters
After signals on ITC's 35% Q1 cigarette-profit slump and its reliance on FMCG, packaging and product launches, the Century Pulp deal expands a packaging-linked growth lever.
retail-company is accelerating, up 229450% QoQ.