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ITC commissions food manufacturing, logistics facility in Telangana

31 Jan 2023 Evaluate

ITC has commissioned its Rs 450 crore state-of-the-art integrated food manufacturing and logistics facility at Medak, Telangana. Spread over nearly 59 acres of land, the food processing facility with a built up area of 6.5 lakh sq ft entails an initial investment outlay of Rs 450 crore which will create large scale livelihoods across sustainable agri-value chains. This unit will also be a flag-bearer of sustainability given the multi-dimensional initiatives that will support sustainable and inclusive growth as well as promote extensive use of renewable energy.

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

Peers
Company Name CMP
ITC 260.25
Godfrey Phillips Ind 1928.00
VST Industries 204.05
Indian Wood Products 33.86
NTC Industries 134.70
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