ITC-PSPD plantations reached about 66,000 hectares in FY 2025-26, the highest ever, as ITC’s paperboards business built up its wood supply. The Pulp and Paper Times reported the figure on 10 November 2026, based on company-disclosed information for the year ended 31 March 2026. The report has not been independently verified.
The same report says the plantation programme expanded into Odisha and Chhattisgarh and that the business is leaning on recycling and new packaging platforms.
How Big Are ITC-PSPD’s Plantations and Fibre Programme?
FSC-FM certification covers over 1.65 lakh acres and more than 26,000 farmers. About 3.17 lakh tonnes of FSC-certified wood were procured during the year. The report says the business also recycled about 1.11 lakh tonnes of wastepaper and recycles nearly 100% of its solid waste into products such as lime, fly ash bricks, cement, grey boards and egg trays.
What Is Happening With the Century Pulp and Paper Acquisition?
The Paperboards division agreed to acquire the Century Pulp and Paper undertaking at Lalkuan, Nainital, Uttarakhand, from Aditya Birla Real Estate Limited. The agreement was signed on 31 March 2025. The mill was commissioned in 1984 and has an installed capacity of 4.8 lakh tonnes per annum.
The Pulp and Paper Times reported on 3 November 2026 that ITC completed the acquisition on 1 August 2026.
Which Packaging Platforms Is ITC-PSPD Building?
The report names three platforms. The first is the Filo series (FiloBev, FiloServe, FiloPack, FiloTub, FiloBowl and FiloBev Mini), certified compostable by CIPET, which grew at double digits in the domestic market. The second is Fusion boards, which are fully recyclable and replace plastic foam board. The third is moulded fibre products, made through ITC Fibre Innovations Limited, whose Badiyakhedi, Madhya Pradesh facility began commissioning in March 2024. A Packaging Board Centre of Excellence was set up last year.
Market Reaction and Industry Response
No analyst or trade-body comment on the disclosure was found in the sources reviewed. The report says results were hurt by low-priced Chinese and Indonesian imports and high wood costs, and that margins improved in the second half after wood prices eased and a Minimum Import Price was imposed on virgin paperboard imports. It also says the paperboard industry employs over two million people directly and indirectly.
What Happens Next?
ITC said in its Q2 FY27 commentary, reported on 3 November 2026, that it expects wood prices to moderate. The Minimum Import Price on virgin multi-layer paperboard has been extended to 31 March 2027, according to the same report.
Frequently Asked Questions
How many hectares do ITC-PSPD plantations cover?
About 66,000 hectares in FY 2025-26, the highest ever, according to the report.
Which states did the plantation programme expand into?
Odisha and Chhattisgarh.
What is the capacity of the Century Pulp and Paper mill?
The Lalkuan mill, commissioned in 1984, has an installed capacity of 4.8 lakh tonnes per annum.
Source: The Pulp and Paper Times, 10 November 2026 (company-disclosed FY 2025-26 data); The Pulp and Paper Times, 3 November 2026.
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