ITC Bolsters Paperboard Business with Strategic Acquisition of Aditya Birla Real Estate’s CPP
ITC has made a significant move in the paperboard industry with the acquisition of Aditya Birla Real Estate’s Coated Paperboard Plant (CPP) for ₹3,498 crore. This strategic acquisition aims to strengthen ITC’s market position and expand its product offerings.
ItcPaperboardAcquisitionAditya Birla Real EstateCppReal Estate NewsMar 31, 2025
The Coated Paperboard Plant, established in 1984 at Lalkuan in Nainital, Uttarakhand, is a state-of-the-art facility equipped with advanced technology and a strong production capacity. The plant has a reputation for producing high-quality coated paperboard, which is widely used in packaging solutions for various industries, including food, beverages, and consumer goods.
ITC, a leading conglomerate with a diverse portfolio of businesses, has long been a prominent player in the paper and paperboard industry. The company’s products are known for their quality and reliability, and this acquisition is seen as a natural progression in their strategy to expand and innovate in the market. The acquisition of the CPP plant will enable ITC to tap into new market opportunities and meet the growing demand for sustainable and eco-friendly packaging solutions.
The transaction is subject to customary regulatory approvals and is expected to be completed in the upcoming months. ITC has expressed its confidence in the potential of the CPP plant and its alignment with the company’s long-term growth plans. The acquisition is expected to enhance ITC’s operational efficiency and strengthen its supply chain, thereby providing better value to its customers and stakeholders.
Speaking on the acquisition, a senior executive from ITC stated, 'This strategic move aligns with our vision to be a leading player in the global paperboard market. The acquisition of the CPP plant will not only augment our production capabilities but also allow us to offer a wider range of high-quality, sustainable packaging solutions to our customers. We are excited about the opportunities this acquisition presents and look forward to a successful integration.'
Aditya Birla Real Estate, on the other hand, has indicated that the proceeds from the sale will be utilized for further expansion and diversification in the real estate sector. The company has a strong track record of successful projects and is committed to delivering high-quality developments across various segments.
The coated paperboard market is witnessing significant growth driven by increasing consumer awareness about environmental sustainability and the demand for eco-friendly packaging solutions. This acquisition positions ITC to capitalize on these trends and further solidify its leadership in the industry.
As the market continues to evolve, ITC’s focus on innovation and sustainability will play a crucial role in maintaining its competitive edge. The company has been at the forefront of adopting cutting-edge technology and sustainable practices, and the acquisition of the CPP plant is a testament to its commitment to these principles.
In conclusion, the acquisition of Aditya Birla Real Estate’s CPP plant by ITC is a strategic move that is poised to benefit both companies. ITC’s enhanced capabilities in the paperboard segment and the potential for new market opportunities make this a promising development in the industry. As the integration process unfolds, stakeholders can look forward to seeing the positive impact of this acquisition on ITC’s growth trajectory and market presence.
For more information about ITC and its diverse range of businesses, visit the company’s official website. ITC’s commitment to quality, sustainability, and innovation continues to drive its success and growth in various sectors.
Frequently Asked Questions
What did ITC acquire from Aditya Birla Real Estate?
ITC acquired Aditya Birla Real Estate’s Coated Paperboard Plant (CPP) for ₹3,498 crore.
Where is the Coated Paperboard Plant located?
The Coated Paperboard Plant is located in Lalkuan, Nainital, Uttarakhand, India.
What is the significance of this acquisition for ITC?
This acquisition is significant as it strengthens ITC’s market position in the paperboard industry and expands its product offerings, particularly in the high-growth coated paperboard segment.
What are the potential benefits of this acquisition?
The benefits include enhanced production capabilities, a wider range of high-quality, sustainable packaging solutions, and the ability to meet growing market demand for eco-friendly packaging.
When is the expected completion of the acquisition?
The transaction is subject to customary regulatory approvals and is expected to be completed in the upcoming months.
Related News Articles
Synq.Work Boosts Expansion Plans with Rs 60 Crore Investment in Bengaluru, Pune, and Hyderabad
Synq.Work, a managed office space provider, is set to invest Rs 60 crore to expand its seating capacity and foray into new cities, including Bengaluru, Pune, and Hyderabad.
ICC Hosts 'North Bengal Realty Reimagined 2024'
The Indian Construction Committee (ICC) recently hosted 'North Bengal Realty Reimagined 2024,' a significant event in the real estate and allied sectors. Touted as one of the largest real estate conclaves in the Northeast, the event featured over 15 promi
Hyderabad Real Estate Market Experiences Boom in Ultra-Luxury Home Sales
The real estate sector in Hyderabad has seen a significant increase in the sales of ultra-luxury homes priced over Rs 40 crore in 2024.
Shapoorji Pallonji Real Estate Launches Legendary and Luxurious New Tower in Pune
Pune (Maharashtra) [India], January 24: Following the tremendous success of Phase 1, Shapoorji Pallonji Real Estate (SPRE), a leading real estate developer in India, is set to transform the skyline of Pune with the launch of its most iconic and luxurious
BramhaCorp Revolutionizes Pune's Real Estate Market with Innovative Rental Solutions
Pune's real estate market is experiencing a surge, driven by a thriving IT sector, rapid urbanization, and a growing investor base. BramhaCorp is at the forefront of this transformation, introducing innovative rental solutions that are reshaping the lands
Mumbai Sees Robust Property Market with 11,541 Registrations in February
Mumbai's real estate market demonstrated resilience in February 2025, with a significant 11,541 property registrations and a notable ₹896 crore contribution in stamp duty, according to a recent Knight Frank report.