ITC is planning to invest about Rs 4000 crore for expansion of Bhadrachalam Paper Board in Telangana. Y C Deveshwar, Chairman of ITC, had announced Rs 8,000 crore investment plan during the launch of the Telangana government^s new industrial policy.
He also said that Rs 4000 will be used for Bhadrachalam Paper Board and remaining half will be used building new hotels and a new food processing plant in Medak district of Telangana. The state government has already allotted the additional land required for the expansion of Bhadrachlam Paper Board^s plant. The company is doubling the paper mill capacity to one million tonne.