ITC to Complete Rs 3,498 Crore Century Pulp Acquisition Next Week

ITC Limited is set to conclude its Rs 3,498 crore acquisition of the pulp and paper business of Century Textiles and Industries next week, marking a significant expansion of its presence in the paperboards and specialty papers segment.

The transaction involves the demerger and transfer of the Century Pulp and Paper undertaking into ITC, a move that has already received required regulatory and shareholder approvals. The deal is expected to strengthen ITC’s manufacturing capacity and product portfolio in the value-added paper and packaging space.

Century Pulp and Paper, operated by Century Textiles, has an installed capacity of over 480,000 tonnes per annum across paper, board and tissue products. The facility is located in Lalkuan, Uttarakhand, and is a key supplier to domestic and export markets.

For ITC, the acquisition aligns with its strategy to scale up its paperboards and packaging business, which serves sectors such as FMCG, pharmaceuticals, food and e-commerce. The addition of Century’s assets is expected to enhance operational efficiencies, broaden customer reach and improve integration across the value chain.

The deal also reflects ongoing consolidation in India’s paper and packaging industry, driven by demand for sustainable materials and growing consumption of packaged goods.

Once completed, the acquisition will further reinforce ITC’s position as one of India’s leading players in the paperboards and specialty papers segment.