ITC rises on plan to set-up integrated consumer goods facility, five star hotel in Odisha
Date: 05-12-2016ITC is currently trading at Rs. 229.20, up by 0.80 points or 0.35 % from its previous closing of Rs. 228.40 on the BSE.
The scrip opened at Rs. 229.75 and has touched a high and low of Rs. 230.05 and Rs. 228.25 respectively. So far 44885 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 266.00 on 06-Sep-2016 and a 52 week low of Rs. 178.76 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 235.60 and Rs. 227.80 respectively. The current market cap of the company is Rs. 277533.91 crore.
The Institutions and Non-Institutions held 55.78% and 43.99% respectively in the company.
ITC will set-up an integrated consumer goods facility and a five star hotel in state of Odisha entailing an investment of Rs 800 crore. The integrated consumer goods manufacturing facility is being built on an area of 700,000 square feet at Khordha district in Odisha. It will roll out ITC’s food brands like Aashirvaad, Bingo, Sunfeast, YiPPee! from the unit. The group is also setting up a 110 room five star hotel in Bhubaneswar under its WelcomHotel brand.
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.