Cigarette to hotels conglomerate ITC Ltd is negotiating for a five-acre plot in the mega food park coming up at Jangipur in Murshidabad district for a food processing unit, an official of the mega food park said today.
Cigarette to hotels conglomerate ITC Ltd is negotiating for a five-acre plot in the mega food park coming up at Jangipur in Murshidabad district for a food processing unit, an official of the mega food park said today. "ITC had inspected the land some three-month back and the feedback is positive for a five-acre plot at the food park," Jangipur Bengal Mega Food Park Ltd Managing Director Amirul Islam said here.
Speaking on the sidelines of a seminar organised by the Indian Chamber of Commerce on mega food parks, Islam said ITC was already conducting training and advisory services for farmers there. However, when asked for details, an ITC spokesman said, "I am not aware".
ITC had earlier announced an investment of around Rs 500 crore for setting up an integrated food and logistics hub at Uluberia in Howrah district in West Bengal. "There were some legal issues involved in getting the land. The company had been waiting for four to five years. It is good that the government has supported in getting the issues resolved," ITC Chairman YC Deveshwar had said at the last AGM.
Recently, ITC had tied up with city based Keventor Agro group for manufacturing its 'Yippee' noodles brand in the city.
ITC stock price
On May 29, 2015, ITC closed at Rs 326.75, up Rs 5.85, or 1.82 percent. The 52-week high of the share was Rs 409.70 and the 52-week low was Rs 312.95.
The company's trailing 12-month (TTM) EPS was at Rs 11.99 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 27.25. The latest book value of the company is Rs 44.69 per share. At current value, the price-to-book value of the company is 7.31.
READ MORE ON ITC Ltd, mega food park, Murshidabad, Amirul Islam, Indian Chamber of Commerce, YC Deveshwar
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