ITC to scale up value-added agri products portfolio: Annual report
In the annual report for 2024-25, the Kolkata-headquartered company said the scope and operations of its agri-business have grown manifold over the years and currently encompasses over 3.5 million tonnes of annual throughput in 22 states.
Kolkata, Jul 8 (PTI) Diversified conglomerate ITC Limited said that the strategic focus of its agriculture business continues to be on accelerating growth by scaling up its value-added agri-products portfolio.
Segment revenue of ITC's agri business increased 25 per cent year-on-year to Rs 19,753 crore in 2024-25.
The company consolidated its position as a preferred supply chain partner to buyers in spices like chilli, cumin, turmeric and coriander, according to the annual report.
The business continues to scale up its organic and integrated crop management programmes, expanding organic cultivation across multiple states to meet the growing demand, it said.
The company said the business strengthened its footprint across key international markets, particularly in Europe and the Middle East.
ITC continues to be one of the leading exporters of value-added frozen marine products, it said in the annual report.
During the year, international coffee prices surged primarily due to lower supply in global markets by major producing countries like Brazil and Vietnam.
However, Indian coffee exports witnessed robust growth, and the company leveraged its strategic sourcing in major coffee-growing regions of the country, it said.
In the shrimp segment, the industry faced a challenging environment marked by volatile farm gate prices and supply chain headwinds.
The company expanded its reach through market development in countries like Greece, Israel and Malaysia, it said. PTI dc BDC
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
10 minutes ago
- Indian Express
Konkan Railway to introduce Ro-Ro car transport facility between Kolad and Verna
Konkan Railway Corporation Limited (KRCL) will introduce a new Roll-on Roll-off (Ro-Ro) facility for private car owners from Kolad in Maharashtra to Verna in Goa from August 23. KRCL, which was the first to introduce Ro-Ro in India in 1999 for carrying loaded trucks, is now providing the same model for motor cars. The Ro-Ro car service will operate on alternative days from both sides till September 11. The service will leave at 5 pm from Verna or Kolad and arrive at the destination at 5 am the following day. However, the customers are expected to report at the originating station by 2 pm. KRCL will use a specially constructed rake capable of carrying 40 cars, with two cars on each of the 20 wagons. KRCL has set the freight charge at Rs 7,875 per car, including GST. The customers will have to make a registration payment of Rs 4,000 during booking and clear the remaining amount on the date of travel. KRCL permits a maximum of three individuals per vehicle to travel in an attached coach. Travellers can opt for 3 AC at Rs 935 or Second Seating at Rs 190. The bookings for these services will be from July 21 and close on August 13. The service can be booked both in offline and online modes. If it gets bookings less than 16 in number, KRCL officials said they will cancel the journey and refund the entire registration amount. 'KRCL has decided to start this Ro-Ro to mitigate road congestion, fuel guzzling and vehicle emissions on the Konkan corridor. By extending this model to automobiles, KRCL seeks to offer a safer and more economic mode of transport for long-distance commuters,' said a KRCL official.
News18
13 minutes ago
- News18
NABARD disburses Rs 43,000 cr to Andhra, expands grassroots reach
Agency: Last Updated: July 21, 2025, 21:15 IST Representational image (Image: News18) Vijayawada, Jul 21 (PTI) NABARD disbursed nearly Rs 43,000 crore in loans and around Rs 32 crore in grants to Andhra Pradesh in FY25, its chief general manager M R Gopal said on Monday. Speaking at The National Bank for Agriculture and Rural Development's 44th Foundation Day celebrations in Vijayawada, Gopal said the bank made significant progress in supporting rural infrastructure, institutional development, and credit expansion across the state. 'In FY25, NABARD disbursed Rs 42,842 crore in loans and Rs 31.83 crore in grants, and inaugurated district development manager offices in three districts," he said. The launch of new offices in East and West Godavari and Nandyal districts has expanded NABARD's grassroots reach in the state, he added. Gopal also noted that credit flow of over Rs 29,000 crore was achieved through refinance to rural financial institutions. He highlighted the progress in computerising Primary Cooperative Societies (PCS), calling it a 'benchmark for the nation." He also acknowledged the support of the RBI, the State Level Bankers' Committee, and the Andhra Pradesh Grameena Bank in the digital transformation. Swipe Left For Next Video View all Commissioner of cooperation and registrar of cooperative societies A Babu lauded NABARD's role in modernising and digitising the cooperative credit structure. He emphasised the need for greater convergence to achieve financial inclusion and strengthen cooperatives across all 26 districts. RBI regional director A O Basheer also appreciated NABARD's efforts in strengthening the cooperative banking framework and enhancing financial stability in rural Andhra Pradesh. PTI MS STH SSK (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds NABARD disburses Rs 43,000 cr to Andhra, expands grassroots reach Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
13 minutes ago
- Time of India
Air India plane aborts takeoff at Delhi airport due to technical snag
An Air India flight bound for Kolkata aborted takeoff at Delhi airport on Monday evening after a technical snag was detected during the takeoff roll. The A321 aircraft was grounded and the flight rescheduled. All passengers were safely disembarked, and the airline said standard protocols were followed. Air India expressed regret and is assisting affected passengers. Tired of too many ads? Remove Ads A Kolkata-bound Air India plane aborted takeoff at the Delhi airport due to a technical snag on Monday evening."Flight AI2403 operating from Delhi to Kolkata on 21 July 2025 has been rescheduled to depart later this evening, necessitated by a technical issue detected during the takeoff roll. The cockpit crew decided to discontinue the takeoff, following Standard Operating Procedures," the airline said in a the inconvenience caused to the passengers due to the disruption, the airline said all passengers have disembarked and its colleagues are extending support to flight was to be operated with an A321 aircraft
