SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ITC plans to increase paperboard division’s capacity

04 Jul 2011 Evaluate

ITC's Paperboards and Specialty Papers Division (PSPD) is likely to expand its manufacturing capacity by one lakh tonne per annum at an investment of Rs 600 crore. Due to improved market conditions and cost cutting measures the division is also anticipated to advance its bottom line in the current fiscal.

Subsequent to completion of expansion plans the capacity of PSPD will go up to nearly 5.6 lakh tonne per annum from current capacity of 4.6 lakh tonne. This is in addition to the new manufacturing facility the company plans to set up near the existing plant in Andhra Pradesh. It is putting up one more board manufacturing machine in the existing plant and the total investment will be Rs 600 crore. New capacity addition will be completed by October next year. On these measures the division is expected to save Rs 20-25 crore.

The company reported a net profit rise of 24.63% to Rs 1281.48 crore for the quarter ended March 31, 2011 as compared to Rs 1028.22 crore for the quarter ended March 31, 2010. Total income has increased by 16.53% to Rs 6062.15 crore for the quarter to from Rs 5202.17 crore in the same quarter last year.

ITC Share Price

306.00 -1.40 (-0.46%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 306.00
Godfrey Phillips 2395.65
VST Industries 260.30
The Indian Wood Pro. 35.48
NTC Industries 162.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×