Latest news with #CenturyPulpandPaper
Economic Times
25-07-2025
- Business
- Economic Times
ITC to invest Rs 20,000 crore in new manufacturing units in medium term: Chairman Sanjiv Puri
Diversified conglomerate ITC Ltd is said to invest Rs 20,000 crore in the medium term to expand its manufacturing footprint across sectors, Chairman Sanjiv Puri said on Friday. As part of its growth strategy, the company has already set up eight new manufacturing facilities across FMCG, Sustainable Packaging and export-oriented Value-Added Agricultural Products in recent years, he added. Puri said the company will prioritise its 'Bharat First' strategy-focusing on deepening its domestic presence, before making a significant overseas impact. He added that new brand launches are aimed at driving value accretion."Global turbulence has exposed the fragility of traditional supply chains," he said while addressing the annual general readiness is not merely about adapting to change, it is about anticipating, innovating and proactively shaping the future, Puri said. 65% of the company's revenue is from non-cigarette signed an agreement for acquisition of Century Pulp and Paper to scale up its paperboards proposed acquisition will substantially enhance capacity in a more cost-efficient fashion relative to a 1.4x higher investment and four-year gestation period required for a greenfield project of similar scale, the chairman added."India is the fastest-growing market in the world for paper and paperboards with demand growing at 6-7%, requiring industry to create an additional capacity of about 1 million MT per year for the next decade," Puri Paperboards, Paper & Packaging Segment of the company witnessed a challenging operating environment, with low-priced Chinese and Indonesian supplies in global markets including India, soft domestic demand conditions, leading to subdued portfolio of over 25 world-class Indian brands represents an annual consumer spend of over 34,000 crores and reach over 260 million households in India, the company said in a on India's economy, ITC's chairman said, "India's consumer market is at the cusp of a profound transformation with per capita incomes expected to exceed $4,000 by 2030. Gen Z, poised to become a predominant part of the workforce, is expected to account for every 2nd rupee spent by 2035."The company continues to explore opportunities to rapidly scale-up the newer FMCG businesses and evaluate emerging opportunities in this space, ITC's report is also setting up an integrated consumer goods manufacturing plant in Sandilla, Uttar Pradesh. Shares of ITC Ltd. were trading at Rs. 408.35 per unit after declining 0.40% by Rs 1.65 on BSE at 12:16 PM on Friday.
Hans India
23-07-2025
- Business
- Hans India
Aditya Birla Real Estate clocks Rs 27 crore loss in Q1, income falls over 55 pc
Mumbai: Aditya Birla Real Estate Limited (ABREL) on Wednesday reported a net loss of Rs 27.08 crore for the first quarter of the current financial year ( Q1 FY26). This marks a sharp reversal from the Rs 17.35 crore profit the company had recorded during the same period previous fiscal, according to its regulatory filing. The company's total income fell 56.9 per cent to Rs 157.41 crore in Q1 FY26, down from Rs 365.24 crore in the April–June quarter of FY25. During the quarter, ABREL reported a loss of Rs 47.30 crore from continued operations, while it registered a profit of Rs 20.22 crore from discontinued operations. The company recently exited its pulp and paper business, previously operated under the Century Pulp and Paper division, as part of its ongoing business restructuring. ABREL, formerly known as Century Textiles and Industries Limited, has also announced plans to raise up to Rs 1,500 crore through secured or unsecured rupee term loans. The fundraising is aimed at refinancing existing debts linked to capital expenditure for its now-sold pulp and paper division. The company said the move will help in releasing charges or encumbrances on the assets of that division, which is being sold to ITC. On the stock market front, Aditya Birla Real Estate shares have seen a 16 per cent decline in the past one month and are down 20 per cent year-to-date (YTD). The stock has fallen 24.85 per cent over the past year. However, over a longer period, the company has delivered strong returns -- rising 150 per cent in the last three years and delivering multi-bagger gains of 560 per cent over five years. At the closing bell, the company's shares were at Rs 2,019, down 5.51 per cent or Rs 117.8 on the National Stock Exchange (NSE) following the announcement of its Q1 results.
Business Standard
17-07-2025
- Business
- Business Standard
AB Real Estate's board to mull fund raising on 23 July'25
Aditya Birla Real Estate said that its board is scheduled to meet on 23 July 2025, to consider raising funds through debt securities by different modes. The company will raise funds through term loans or by issuing debt securities or any other securities which may be issued in one or more tranches, on a private placement basis or otherwise, from banks, financial institutions. The proceeds will be used to refinance existing debt incurred for the capex of the Century Pulp and Paper (CPP) division and to release charges or encumbrances on CPPs assets. This move is in line with the proposed sale of the CPP division to ITC. Further, the companys board will consider unaudited standalone and consolidated financial results for the quarter ended 30th June, 2025. Aditya Birla Real Estate (formerly known as Century Textiles and Industries) is established in 1897. It has presence in pulp & paper and real estate sectors. The company reported net loss of Rs 131.01 crore in Q4 FY25 compared with net profit of Rs 3.83 crore in Q4 FY24. Net sales declined 42.6% YoY to Rs 391.87 crore in Q4 FY25. The counter declined 2.52% to end at Rs 2,177.85 on the BSE.
