ITC plans ₹20,000 crore capex for manufacturing expansion
ITC Limited announced a ₹20,000 crore capex plan focused on manufacturing expansion and exports. This investment aims to enhance domestic value chains and support India's manufacturing ambitions while reinforcing ITC's extensive operational network.
pre-market1 source ↓written by the desknot a recommendation
- aimed at expanding
- ₹20,000 crore
- and collaborates
- 9,500 MSMEs
ITC Limited announced a medium-term capital expenditure plan of ₹20,000 crore aimed at expanding manufacturing capacity and enhancing export operations. This investment supports India's goal of becoming a global manufacturing hub and follows the commissioning of eight new facilities. The company currently operates over 300 factories and collaborates with 9,500 MSMEs.
This significant capex is expected to strengthen domestic value chains and boost market confidence in ITC's growth trajectory.
Not investment advice. For informational purposes only.