ITC eyes Sri Lanka expansion as FY21 forex earnings jump 29%, plots Telangana food park
ITC chief Sanjiv Puri signals Indian firms including ITC expanding into Sri Lanka, while the group's FY21 forex earnings rose 29%. A planned Telangana food processing park and an organic fair featuring Big Basket and Reliance round out the roundup.
ITC Group news roundup: chief Sanjiv Puri sees Indian firms including ITC expanding into Sri Lanka; ITC's FY21 forex earnings up 29%; planned Telangana food processing park; and organic fair featuring Big Basket and Reliance.
Why this matters
Follows ITC's Q4 profit rising 5% to Rs 5,113 cr and repeated 52-week highs. Expansion and forex growth extend a period of strengthening fundamentals and investor confidence in the diversified group.
Retail-company theme accelerating at +691900% QoQ.