Moneycontrol PRO
HomeNewsBusinessMarketsITC expands manufacturing capabilities with new ICML in Odisha

ITC expands manufacturing capabilities with new ICML in Odisha

ITC Ltd. commissioned a new Integrated Consumer Goods Manufacturing and Logistics facilities (ICML) at Khordha, Odisha.

July 11, 2023 / 13:45 IST
ITC commissions new ICML in Odisha

ITC Ltd. commissioned a new Integrated Consumer Goods Manufacturing and Logistics facilities (ICML) at Khordha, Odisha, the company said in its annual report on July 11. Currently, the company operates 11 ICMLs functioning near major demand hubs, facilitating the delivery of fresher goods, minimizing distance to the market, and streamlining operational processes.

“These facilities are at the heart of your Company’s strategy to create structural advantage by enhancing product freshness, improving market responsiveness, reducing the cost of servicing proximal markets, enabling scalability besides setting new benchmarks in safety, quality and product hygiene.” the company said in a regulatory filing.

ITC has invested in modern ICMLs near major demand centers to improve product freshness, market responsiveness, and cost-effectiveness. Additionally, the automated AMLFs in Pudukkottai and Kapurthala offer inventory optimization and operational efficiency, contributing to overall cost reduction and improved market servicing.

At the Kapurthala ICML plant, direct buying of wheat offers substantial benefits to farmers including transparency in grading, weight and pricing, other than delayering operations and enhancing sourcing & logistics efficiencies. This initiative is being scaled up through focused crop development in the area to upgrade crop quality.

The capacity utilisation at the 11 operational ICMLs continues to be ramped up along with focused smart manufacturing interventions leveraging automation and Industry 4.0 technologies to drive operational efficiencies, yield and energy management and further enhance safety and quality. The new ICMLs also improve the representation of women workforce in the company by providing employment opportunities.

ITC plans to capitalize on the structural benefits of its distributed manufacturing network, utilizing advanced ICMLs strategically positioned near major demand hubs. These advantages will play a crucial role in accelerating the growth of their FMCG businesses.

Moneycontrol News
first published: Jul 11, 2023 01:45 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347