ITC Acquires Century Pulp and Paper for ₹3,498 Crore to Strengthen Paper Business

TC Limited Announces Acquisition of Century Pulp and Paper for ₹3,498 Crore

On March 31, 2025, ITC Limited unveiled its strategic move to acquire the Pulp and Paper division of Aditya Birla Real Estate Limited (ABREL), known as Century Pulp and Paper (CPP). This acquisition, valued at ₹3,498 crore on a cash-free, debt-free basis, marks a significant expansion in ITC’s Paperboards and Specialty Papers Business.

Established in 1984 and located in Lalkuan, Nainital, Uttarakhand, CPP boasts an installed capacity of 4.8 lakh metric tonnes per annum, positioning it as a prominent player in the Indian paper industry. The integration of CPP’s operations is anticipated to bolster ITC’s manufacturing capabilities, particularly in North India, complementing its existing facilities in the southern regions.

The completion of this transaction is contingent upon approvals from the Competition Commission of India, the Ministry of Environment, Forest and Climate Change, and other requisite authorities. ITC projects that the acquisition process will conclude within approximately six months, following the fulfillment of all stipulated conditions.

This strategic acquisition aligns with ITC’s vision to drive growth in its Paperboards and Specialty Papers segment, leveraging CPP’s established market presence and production capacity to meet the increasing demand in the paper industry.