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ITC plans Rs 23,000 crore investment over 10 years

26 Jul 2010 Evaluate

ITC Ltd plans to invest Rs 23,000 crore across sectors such as fast moving consumer goods (FMCG), hotels and paper and packaging over the next few years. The FMCG sector is likely to receive an investment of about Rs 8,000 crore over the next 7-10 years.

 

The FMCG sector in the country is expected to triple in size to over Rs 3,55,000 crore by 2018. Foods, personal care, education and scholastic products, apparel and lifestyle products and tobacco among others dominate this space. The foods and education and scholastic business of the company are expected to turnaround this year.

 

The investments in the packaging and hotels sector would be to the tune of Rs 6,000 crore and Rs 9,000 crore, respectively, over the next 10 years. The total investment of Rs 23,000 crore spread out over the next 10 years would be generated by way of internal accruals.

 

The company plans to set up a food factory in West Bengal. It wants to invest in integrated foods factory. It is in the process of getting some land from WBIDC. Land acquisition was one of the main constraints so far as expansion was concerned.

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ITC Share Price

307.40 -0.25 (-0.08%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 307.40
Godfrey Phillips 2422.40
VST Industries 264.30
The Indian Wood Pro. 35.88
NTC Industries 165.05
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