ITC is planning to invest Rs. 800 crore in Odisha over the next few years to set up a hotel property and a food processing park in the state, ITC Chairman and Managing Director Y C Deveshwar reportedly said at Make in India event.
Report says that the hotel property will come up in Bhubaneshwar, while the food processing park details are being worked out. About Rs. 630 crore will be invested in the food processing park and the rest of the money will be invested in the hotel, ITC Chairman added. ITC Ltd ended at Rs. 300.25, up by Rs. 1.55 or 0.52% from its previous closing of Rs. 298.7 on the BSE. The scrip opened at Rs. 300 and touched a high and low of Rs. 304.8 and Rs. 299 respectively. A total of 9311278(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 241348.71 crore.