ITC to mull Telangana govt's requests to takeover AP Rayons factory

The plant was closed due to losses and other reasons; state efforts to restart operations failed

ITC chairman Y C Deveshwar announced on Monday that the company would consider Telangana government's request to participate in the revival of Ballarpur Industries(BILT)-owned rayon grade and paper grade wood pulp and paper manufacturing plant located in remote forest area in the state.

Previously known as AP Rayons Factory, the plant was inoperational due to losses and other reasons in the past. After the formation of the new state, Telangana government made an attempt to revive the plant by offering financial support to the factory management as hundreds of people were directly and indirectly dependent on the operations of this decade's