ITC to invest Rs 100 crore in renewable energy

To reduce its dependence on fossil fuel, FMCG major ITC Ltd plans to invest Rs 100 crore in renewables power over the next two years.

Renewable energy, which currently accounts for about 38 per cent of ITC’s total consumption, is estimated to meet up to 50 per cent of its total energy requirement in the next five years.

The company has installed close to 70 MW of wind power projects across India and a 90 tonne-per-hour biomass fire boiler at a total investment of approximately Rs 400 crore.