ITC set to finalise long-pending deal, boosting paper manufacturing capacity and strengthening presence in packaging and paperboards segment.
Apr 27, 2026
ITC Limited is expected to conclude its INR 3,498 crore acquisition of Century Pulp and Paper next week, marking the final stage of a deal announced last year. The transaction, agreed with Aditya Birla Real Estate Limited, had faced delays due to lease transfer issues and regulatory approvals, including clearance from the Competition Commission of India.
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Once completed, the acquisition is expected to increase ITC’s paper manufacturing capacity by around 50%, taking it to over 1.5 million tonnes annually. The deal will also help ITC expand its geographic footprint into northern India, complementing its existing manufacturing base in the southern region. ITC has four manufacturing facilities in Tamil Nadu, West Bengal, Andhra Pradesh and Telangana.
