ITC Acquires Century Pulp & Paper for ₹3,498 Crore

ITC Ltd announced the acquisition of Century Pulp and Paper from Aditya Birla Real Estate, boosting its paper capacity by 50% and expanding into North India. The deal enhances ITC’s market presence, improves operational resilience, and offers locational advantages for raw material sourcing and customer service. ITC’s paper division, with a 1 million tonne annual capacity, gains Century Paper’s 480,000mt output. The paper segment contributed ₹8,344 crore to ITC’s ₹69,446 crore revenue in FY24. Analysts see this ₹3,400 crore outlay as a strategic move, with EPS benefits expected by FY27.