ITC, a multi-business conglomerate, plans to set up a paper manufacturing unit in Telangana with an investment of Rs.3,500 crore.
ITC officials conveyed this to Telangana Chief Minister K. Chandrasekhar Rao during a meeting here Monday, said a statement from the chief minister's office.
KCR, as the chief minister is popularly known, welcomed the decision of the group and said his government would provide adequate land for the plant.
A delegation of top officials of ITC led by its executive director Pradeep Dhobale met the chief minister.
They also expressed willingness to set up food processing and agro based units and take up eucalyptus plantation over one lakh acres.
Hinduja chairman Ashok Hinduja also called on Rao. The chief minister urged him to ensure that Telangana get its share of electricity from Hinduja's plant.
The newly-created Telangana state is seeking its share from power plants located in Andhra Pradesh including Visakhapatnam-based Hinduja plant.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app