In an exclusive interaction with CNBC-TV18, ITC Chairman Sanjiv Puri shared that the diversified conglomerate has committed ₹20,000 crore in fresh capex, with a sharp focus on expanding its FMCG, agriculture and paperboard operations. Puri, however, cautioned against higher levies on cigarettes, arguing that past hikes have only fuelled illicit trade without boosting government coffers. ITC shares closed 1.19% higher at ₹411.50 on the BSE today (September 3).
