ITC Ltd is setting up a Rs. 450-crore unit at Bhadrachalam with a capacity of 1 lakh tonnes per annum to manufacture bleached chemi-thermo mechanical pulp (BCTMP), an import substitute item.
Sanjay Singh, Divisional Chief Executive, ITC’s Paperboards and Specialty Papers Division, said: “This will be the first plant in India manufacturing “Made in India BCTMP” resulting in a saving of $50 million per annum of foreign exchange. The project requires local wood of around 150,000 tonnes per annum. This will be grown and procured through farm forestry plantation activities, thereby creating significant livelihood opportunities for farmers.”