For Quick Alerts
For Daily Alerts

ITC To Resume Cigarette Manufacturing; Stock Up


Shares of the ITC rose on Monday after the company said that it will soon resume manufacture of cigarettes in its factories.

"Consequent upon a High Court order passed in favour of the company, the company will soon resume manufacturing of cigarettes at its factories," the company said in the BSE filing.

ITC To Resume Cigarette Manufacturing; Stock Up
ITC: Quotes, News
BSE 276.30BSE Quote2.05 (0.74%)
NSE 276.25NSE Quote2 (0.72%)

The company had shut its cigarette factories with effect from April 1, 2016. The shut was said to be regarding the current uncertain state of the rules on health warning.

Cigarette are manufactured at plants in Bengaluru, Munger, Saharanpur, Kolkata and Pune.

The company manufactures a range of cigarette brands,which includes India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut.

A notification by the Health Ministry on September 24, 2015, for implementation of the Cigarettes and other Tobacco Products (Packaging and Labeling) Amendment Rules, 2014, had come into force on April 1, 2016.

The notification prescribed larger pictorial warnings, covering 85 per cent of packets on tobacco products.

Shares of the company were seen trading at Rs 334 higher by 1 per cent on BSE at 12.16 pm IST. It touched an intra-day high at Rs 338 during the trade.

Read more about: itc
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more