A total capital outlay of Rs 1,674 crore has been made for this stock which would help mills clear their unpaid dues to the farmers.
Net profit rises nearly 15 per cent, volume up 5 per cent.
Besides, it would also help in flushing out bad quality tea from the market.
We believe that the state government will need to appeal to state regulators and then seek consent from the courts to overturn the existing PPAs.
At present, nearly 25 per cent of ITC’s segment revenue comes from newer FMCG businesses under the non-cigarette portfolio.
LCCs has been the only successful airline industry model in India over the long term.
The company is seeking to be an engine of growth for Indian economy through a vibrant portfolio of future-ready businesses.
The alliance, called OPEC+, last week renewed the pact until March 2020 to avoid a build-up of inventories that could hit prices.
The home furniture segment in India is estimated to be nearly Rs 50,000 crore.
The tea body said that the wages paid to the tea garden workers were both in cash and in kind.