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ITC likely to get forest approval for setting up of paper and pulp unit in AP

18 Sep 2013 Evaluate

ITC has likely to get approval from Andhra Pradesh Board for Wildlife for setting up of paper and pulp unit in Andhra Pradesh (AP). The State Board for Wildlife has decided to recommend the setting up of the pulp and paper unit at Palvancha division in Khammam district of Andhra Pradesh.

The company is expected to invest around Rs 3000 crore on the new plant close to its existing plant. Working with local farmers, it has created a large base of plantation for its raw material requirement. Further, the ITC unit, apart from creating job opportunity for local people, is expected to create a market for pulp wood for the local farmers with land holding of nearly 6000 acres.

 

ITC Share Price

306.80 3.35 (1.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 306.80
Godfrey Phillips 2207.10
VST Industries 265.10
The Indian Wood Pro. 34.45
NTC Industries 172.00
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