ITC is setting up another unit at its existing paper mill at Bhadrachalam
(Andhra Pradesh) at a cost of Rs 1,000 crore. The expansion project is being
funded through internal accruals.
The construction work has already begun. The paper plant with a capacity of
2,00,000 tpa is expected to be ready in two years.
The new venture will help raise ITC's paperboards and specialty papers
division from the existing 560,000 tpa to 750,000 tpa.