Sunday, January 30, 2011

ITC to set up Rs 3,000-cr paper unit in Andhra

ITC to set up Rs 3,000-cr paper unit in Andhra: "Diversified conglomerate ITC Limited today said it will invest up to Rs 3,000 crore to set up a paper manufacturing unit in Andhra Pradesh as part of plans to double capacity over the next five years.

'The total project cost for the new greenfield project will be about Rs 3,000 crore. It's part of our plan to touch 1 million tonnes capacity in the next five years,' ITC Limited Executive Director Pradeep Dhobale said here."

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