26/7/2024, 1:12:02 pm

ITC to invest ₹20,000 crore over the medium term, says CMD Sanjiv Puri

ITC Ltd has announced an investment outlay of ₹20,000 crore in the medium term, showcasing its confidence in India's growth story. The conglomerate reported a gross revenue of ₹69,446 crore and a profit of ₹20,422 crore in FY24, with non-cigarette revenue accounting for 65% of net revenue. ITC's activities have added value of around ₹24.2 trillion, with ₹16.1 trillion accruing to the exchequer.