ITC Limited has announced the acquisition of the Pulp and Paper Undertaking from Aditya Birla Real Estate Limited to strengthen its position in the Indian paper industry.
Overview of the Target
ITC Limited has officially announced a strategic acquisition of the Pulp and Paper Undertaking (CPP) from Aditya Birla Real Estate Limited (ABREL), cementing its position in the Indian Paper industry. Established in 1984 in Lalkuan, Uttarakhand, CPP boasts an impressive installed capacity of 4.8 Lakh Metric Tons (MT) per annum, positioning itself as a significant player in this competitive market.
CPP benefits from India's burgeoning paper production landscape, which currently ranks as the fifth-largest globally, with an estimated annual output of around 23 million MT and a market turnover exceeding Rs. 80,000 crore. With per capita consumption in India at approximately 16 Kg, notably below the global average of 57 Kg, there exists substantial potential for growth in the sector.
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Industry Overview in India
The Indian paper and paperboard industry is experiencing robust growth, with demand increasing at an annual rate of 6%-7%. This translates to a rising requirement for over 1 millio
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ITC Limited
invested in
Pulp and Paper Undertaking of Aditya Birla Real Estate Limited
in 2025
in a Merger deal