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ITC plans to invest Rs 2,500 crore in Tamil Nadu

10 Sep 2015 Evaluate

ITC has lined up investment of around Rs 2,500 crore in Tamil Nadu as part of tapping food processing and hotel businesses. The FMCG major is currently engaged in setting up a food processing unit in Tiruchirapalli with investments of about Rs 800 crore.

The company also looks to manufacture some of its popular products including Bingo chips, Yippee noodles, Be Natural, and even ghee, in the state.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

Peers
Company Name CMP
ITC 266.50
Godfrey Phillips Ind 1899.00
VST Industries 202.15
Indian Wood Products 38.08
NTC Industries 136.00
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