

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">

<html xmlns="http://www.w3.org/1999/xhtml">
<head id="ctl00_Head1"><link id="ctl00_Link1" href="../../../styles/itc-style.css" rel="stylesheet" type="text/css" /><link id="ctl00_Link2" href="../../../SpryAssets/SpryMenuBarHorizontal.css" rel="stylesheet" type="text/css" /><link id="ctl00_Link3" href="../../../styles/print.css" rel="stylesheet" type="text/css" media="print" />
    <script type="text/javascript" src="/scripts/print.js"></script>
    <script type="text/javascript" src="/scripts/imagechange.js"></script>

<script language="JavaScript" type="text/javascript"> 

function clipshoshminus1()
{
	document.getElementById("layer1").style.clip="rect(0px,0px,0px,0px)" ;
}
function clipshoshplus1()
{
	document.getElementById("layer1").style.clip="rect(0px,752px,382px,0px)" ;
}
</script><script type="text/javascript">
<!--
    function MM_showHideLayers() { //v9.0
        var i, p, v, obj, args = MM_showHideLayers.arguments;
        for (i = 0; i < (args.length - 2); i += 3)
            with (document) if (getElementById && ((obj = getElementById(args[i])) != null)) {
            v = args[i + 2];
            if (obj.style) { obj = obj.style; v = (v == 'show') ? 'visible' : (v == 'hide') ? 'hidden' : v; }
            obj.visibility = v;
        }
    }
//-->
</script>

<script language="javascript" type="text/javascript">
<!--
function careerpopup(url) {
    newwindow=window.open(url,'name','height=750,width=720,scrollbars=yes');
    if (window.focus) {newwindow.focus()}
    return false;
}

// -->
</script>

<link type="text/css" media="screen" rel="stylesheet" href="/colorbox.css" />
<script type="text/javascript" src="/jquery.min.js"></script>
<script type="text/javascript" src="/jquery.colorbox.js"></script>
<script type="text/javascript" src="/colorbox-class.js"></script>

		
<script type="text/javascript">
function MM_openBrWindow(theURL,winName,features) { //v2.0
  window.open(theURL,winName,features);
}
</script>
<meta name="Keywords" content="Cigarettes, Hotels, Paperboards &amp; Specialty Papers, Packaging, Agri-Business, Packaged Foods &amp; Confectionery, Information Technology, Branded Apparel, Greeting Cards, Safety Matches, FMCG products" /><meta name="Description" content="Latest press release press report from ITC news. ITC has a diversified presence in Cigarettes, Hotels, Paperboards &amp; Specialty Papers, Packaging, Agri-Business, Packaged Foods &amp; Confectionery, Information Technology, Branded Apparel, Greeting Cards, Safety Matches and other FMCG products." /><title>
	Light at the end of the stick
</title></head>
<body>
<div class="skiptocontent" style="width:200px;"><a href="#contentstarts" id="skpnav" title="Jump to Content">Jump to Content</a></div>
<div class="skiptocontent" style="width:200px;"><a href="#breadcrumbstarts" id="" title="Jump to Breadcrumb">Jump to Breadcrumb</a></div>
<div class="skiptocontent" style="width:200px;"><a href="#topmenustarts" id="" title="Jump to Main Navigation">Jump to Main Navigation</a></div>
<div class="skiptocontent" style="width:200px;"><a href="#subnavigationstarts" id="" title="Jump to Sub Navigation">Jump to Sub Navigation</a></div>
<script language="JavaScript" type="text/javascript" src="/Scripts/top.js"></script>
<script src="/SpryAssets/SpryMenuBar.js" type="text/javascript"></script>
<script type="text/javascript" src="/scripts/textsizer.js"></script>
<script src="/scripts/AC_RunActiveContent.js" type="text/javascript"></script>

<form name="aspnetForm" method="post" action="PressReport.aspx?id=832&amp;type=C&amp;news=Internet-kiosks-push-coffee-sale" id="aspnetForm">
<input type="hidden" name="__VIEWSTATE" id="__VIEWSTATE" value="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" />

<input type="hidden" name="__EVENTVALIDATION" id="__EVENTVALIDATION" value="/wEWIQKEiaS2BAK06vSiAQKtx+oTAqOAjPsPArnRsfYGAo7U5MEDAt2sjckHAt2sme4OAt2spbMFAraVl6oCAraVo88KAraVj6YMAraVm8sEAraVp5ALAraVs7UCAraV39kKAraV6/4BAraV94MIAsfs44EKAtm0o/AFAorMyvgBAorM3t8IAorM4oIDAuH10JsEAuH15P4MAuH1yJcKAuH13PoCAuH14KENAuH19IQEAuH1mOgMAuH1rM8HAuH1sLIOAqCyq/wBxG41ZAZ2gEDNhcVCO6WTfxKD2wk=" />
    <input type="hidden" id="shid" value="" />
    <!--Main holder: START-->
    <div id="main-holder">
        <!--Left Panel holder: START-->
        <div id="left-panel-main">
            <div id="itc-logo"><a href="#pgcontent" title=""><img src="/images/spacer.gif" width="1" height="1" alt="Go to content" border="0" /></a><a href="/default.aspx" title="ITC Portal Home"><img id="itc-logo-inside" src="/images/itc-logo-inside.jpg" width="255" height="152" alt="ITC Portal Home" title="ITC Portal Home" border="0" /></a><a href="http://www.itcportal.com/centenary/internet/index.html" target="_blank" title="100 Years. 1 Mission. India First. opens in a new window"><img id="itc-title-bg-new" src="/images/itc-title-bg-new.jpg" alt="100 Years. 1 Mission. India First. opens in a new window" title="100 Years. 1 Mission. India First. opens in a new window"/></a></div>
<div align="center" style="background:#1d2a9c; padding-top:20px;"><a title="" href="" id="openlink" target="_blank"><img src="" alt="" id="changeimage" title="" /></a></div>
	    <!--<div align="center" style="background:#1d2a9c; padding-top:20px;"><a href="/sustainability/itc-csr-initiative-videos.aspx" target="_blank"><img src="/images/transforming-lives.png" width="230" height="72" alt="" /></a></div>-->
            <div id="title-area"><table width="100%" border="0" cellspacing="0" cellpadding="0">
                <tr>
                    <td height="100px" valign="top">
					
<script src="/scripts/AC_RunActiveContent.js" type="text/javascript"></script>
<script language="javascript" type="text/javascript">
function searchsite() {
    var theForm = document.forms['aspnetForm'];
    if (!theForm) {
        theForm = document.aspnetForm;
    }
    if (theForm.ctl00$itcSearchPanel$txtSearchKeyword.value.search(/\S/) == -1) {
        alert('Please enter search keyword');
        theForm.ctl00$itcSearchPanel$txtSearchKeyword.focus();
        return false;
    }
    var expKey = /^[a-zA-Z0-9_!,' ]{1,100}$/;
    if (!expKey.test(theForm.ctl00$itcSearchPanel$txtSearchKeyword.value)) {
        alert("Search field will only allow characters, numbers, \'_\', \',\', \'!\', ''' and space");
        theForm.ctl00$itcSearchPanel$txtSearchKeyword.focus();
        return false;
    }
    window.location.href = '/Site-Search.aspx?key='+theForm.ctl00$itcSearchPanel$txtSearchKeyword.value;
    return false;
}
</script>
<script language="javascript" type="text/javascript">
var win = null;
function NewWindow(mypage,myname,w,h,scroll){
LeftPosition = (screen.width) ? (screen.width-w)/2 : 0;
TopPosition = (screen.height) ? (screen.height-h)/2 : 0;
settings =
'height='+h+',width='+w+',top='+TopPosition+',left='+LeftPosition+',scrollbars='+scroll+','
win = window.open(mypage,myname,settings)
}

</script>  
<script language="JavaScript" type="text/javascript"> 
function blank_check()
{
	var add_exact;
 
	add_exact=document.QForm.SearchString_Exact.value;
	add1=add_exact;
 
	if (add1=='')
	{
	window.alert("Please type your search phrase");
	return false;
	}
 
}
//-->
</script> 
<!--<table border="0" align="right" cellpadding="0" cellspacing="0">
<tr id="trSearch">
        <td align="right"><table border="0" cellspacing="0" cellpadding="2">
          <tr>
            <td colspan="3" align="right"><img src="/images/spacer.gif" width="42" height="45" /></td>
          </tr>
          <tr>
            <td align="right"><input name="ctl00$itcSearchPanel$txtSearchKeyword" type="text" maxlength="100" id="ctl00_itcSearchPanel_txtSearchKeyword" onkeypress="javascript:if(navigator.appName.toLowerCase().indexOf('microsoft')>=0){if(window.event.keyCode==13){return searchsite();}}else{if(event.which==13){return searchsite();}}" class="search" /></td>
            <td><input type="submit" name="ctl00$itcSearchPanel$cmdSearch" value="Go" onclick="javascript:return searchsite();" id="ctl00_itcSearchPanel_cmdSearch" class="button" style="cursor:pointer; height:22px;" /></td>
            <td><img src="/images/spacer.gif" width="15" height="15" /></td>
          </tr>
        </table></td>
    </tr>
</table>
<p>&nbsp;</p>
<script language="javascript" type="text/javascript">
    var sPath = window.location.pathname;
    var sPage = sPath.substring(sPath.lastIndexOf('/') + 1);
    if (sPage.toLowerCase() == 'site-search.aspx') {
        document.getElementById('trSearch').style.display = 'none';
    }
</script>-->
					<!--<h1 id="ctl00_h1SectionHead">About ITC</h1>-->
					</td>
                </tr>
            </table></div>
            <div><img id="itc-title-bottom" src="/images/itc-title-bottom.jpg" width="256" height="19" alt="" /></div>
            <div id="right-links-area"><table width="100%" border="0" cellspacing="0" cellpadding="0">
                <tr>
                    <td>
    
<div class="skipLeftMenu" style="width:200px;"><a href="#leftmenuskips" id="jmpside">Skip Sub Navigation</a></div>
<table width="85%" border="0" align="right" cellpadding="4" cellspacing="0">
    <tr>
        <td align="right" class="dotted-border-bottom"><a href="/about-itc/itc-profile/itc-profile.aspx" class="left-link-one" name="subnavigationstarts">ITC Profile</a><br />
            <a href="/about-itc/itc-profile/history-and-evolution.aspx" class="left-link-two">History and Evolution -</a><br />
            <a href="/about-itc/itc-profile/the-itc-way.aspx" class="left-link-two">The ITC Way -</a>
        </td>
    </tr>
    <tr>
        <td align="right" class="dotted-border-bottom"><a href="/about-itc/itc-leadership/itc-leadership.aspx" class="left-link-one">ITC Leadership</a><br />
            <a href="/about-itc/itc-leadership/board-of-directors.aspx" class="left-link-two">Board of Directors -</a><br />
            <a href="/about-itc/itc-leadership/corporate-management-committee.aspx" class="left-link-two">CMC -</a><br />
            <a href="/about-itc/itc-leadership/divisional-management-committees.aspx" class="left-link-two">DMCs -</a>
        </td>
    </tr>
    <tr>
        <td align="right" class="dotted-border-bottom"><a href="/about-itc/itc-values/vision-and-mission.aspx" class="left-link-one">Our Values</a><br />
            <a href="/about-itc/itc-values/vision-and-mission.aspx" class="left-link-two">Vision and Mission -</a><br />
            <a href="/about-itc/itc-values/core-values.aspx" class="left-link-two">Core Values -</a><br />
            <a href="/about-itc/itc-values/corporate-governance.aspx" class="left-link-two">Corporate Governance -</a><br />
            <a href="/about-itc/itc-values/code-of-conduct.aspx" class="left-link-two">Code of Conduct -</a><br />
            <a href="/about-itc/itc-values/policy-on-human-rights.aspx" class="left-link-two">Policy on Human Rights -</a><br />
            <a href="/about-itc/itc-values/environment-health-safety-policy.aspx" class="left-link-two">ITC's EHS Policy -</a><br />
			<a href="/about-itc/itc-values/itc-it-e-waste-policy.aspx" class="left-link-two">ITC IT E-Waste Policy -</a>
        </td>
    </tr>
    <tr>
        <td align="right" class="dotted-border-bottom"><a href="/about-itc/chairman-speaks/ChairmanSpeaks.aspx" class="left-link-one">Chairman Speaks</a><br /></td>
    </tr>
    <tr>
        <td align="right" class="dotted-border-bottom"><a href="/about-itc/global-honours.aspx" class="left-link-one">Global Honours</a><br /></td>
    </tr>
    <tr>
        <td align="right" class="dotted-border-bottom"><a href="/about-itc/research-and-development.aspx" class="left-link-one">Research &amp; Development</a><br /></td>
    </tr>
    <tr>
        <td align="right" class="dotted-border-bottom"><a href="/about-itc/newsroom/news-highlights.aspx" class="left-link-one">Newsroom</a><br />
            <a href="/about-itc/newsroom/press-releases/PressReleases.aspx" class="left-link-two">Press Releases -</a><br />
            <a href="/about-itc/newsroom/press-reports/PressReports.aspx" class="left-link-two">Press Reports -</a>

        </td>
    </tr>
    <tr>
        <td align="right" class="dotted-border-bottom"><a href="/about-itc/media-kit/index.aspx" class="left-link-one">Media Kit</a></td>
    </tr>
</table>
</td>
                </tr>
                <tr>
                    <td>&nbsp;</td>
                </tr>
                <tr>
                    <td>
<script src="/scripts/AC_RunActiveContent.js" type="text/javascript"></script>
<script language="javascript" type="text/javascript">
function searchsite() {
    var theForm = document.forms['aspnetForm'];
    if (!theForm) {
        theForm = document.aspnetForm;
    }
    if (theForm.ctl00$itcLatestHighlights$txtSearchKeyword.value.search(/\S/) == -1) {
        alert('Please enter search keyword');
        theForm.ctl00$itcLatestHighlights$txtSearchKeyword.focus();
        return false;
    }
    var expKey = /^[a-zA-Z0-9_!,' ]{1,100}$/;
    if (!expKey.test(theForm.ctl00$itcLatestHighlights$txtSearchKeyword.value)) {
        alert("Search field will only allow characters, numbers, \'_\', \',\', \'!\', ''' and space");
        theForm.ctl00$itcLatestHighlights$txtSearchKeyword.focus();
        return false;
    }
    window.location.href = '/Site-Search.aspx?key='+theForm.ctl00$itcLatestHighlights$txtSearchKeyword.value;
    return false;
}
</script>
<script language="javascript" type="text/javascript">
var win = null;
function NewWindow(mypage,myname,w,h,scroll){
LeftPosition = (screen.width) ? (screen.width-w)/2 : 0;
TopPosition = (screen.height) ? (screen.height-h)/2 : 0;
settings =
'height='+h+',width='+w+',top='+TopPosition+',left='+LeftPosition+',scrollbars='+scroll+','
win = window.open(mypage,myname,settings)
}

</script>  
<script language="javaScript" type="text/javascript"> 
function blank_check()
{
	var add_exact;
 
	add_exact=document.QForm.SearchString_Exact.value;
	add1=add_exact;
 
	if (add1=='')
	{
	window.alert("Please type your search phrase");
	return false;
	}
 
}
//-->
</script>
<!--popup script starts -->
<script language="javascript" type="text/javascript">
<!--
function popitup(url) {
	newwindow=window.open(url,'name','height=600,width=360');
	if (window.focus) {newwindow.focus()}
	return false;
}

// -->
</script>
<script language="javascript" type="text/javascript">
<!--
function popitup1(url) {
	newwindow=window.open(url,'name','height=440,width=360');
	if (window.focus) {newwindow.focus()}
	return false;
}

// -->
</script>
<!--popup scripts ends -->
<a name="leftmenuskips"></a><table border="0" align="right" cellpadding="0" cellspacing="0">
	<tr id="trSearch">
        <td colspan="2" align="right"><table border="0" cellspacing="0" cellpadding="2">
          <tr>
            <td><span class="white-small-text" title="Site Search"><b title="Site Search">Site Search</b></span></td>
            <td>&nbsp;</td>
          </tr>
          <tr>
            <td align="right"><input name="ctl00$itcLatestHighlights$txtSearchKeyword" type="text" maxlength="100" id="ctl00_itcLatestHighlights_txtSearchKeyword" title="Site Search Text" onkeypress="javascript:if(navigator.appName.toLowerCase().indexOf('microsoft')>=0){if(window.event.keyCode==13){return searchsite();}}else{if(event.which==13){return searchsite();}}" /></td>
            <td><input type="submit" name="ctl00$itcLatestHighlights$cmdSearch" value="Go" onclick="javascript:return searchsite();" id="ctl00_itcLatestHighlights_cmdSearch" style="cursor:pointer; height:22px;" /></td>
          </tr>
          <tr>
            <td align="center"><img src="/images/spacer.gif" alt="" width="10" height="25" /></td>
            <td>&nbsp;</td>
          </tr>
        </table></td>
    </tr>
    <tr>
        <td align="right"><table width="213" border="0" cellpadding="0" cellspacing="0" style="height:144px;">
            <tr>
                <td><img src="/images/in-latest-news-05.jpg" width="7" height="7" alt="" /></td>
                <td bgcolor="#d3d5e2"><img src="/images/in-latest-news-01.jpg" width="199" height="7" alt="" /></td>
                <td><img src="/images/in-latest-news-07.jpg" width="7" height="7" alt="" /></td>
            </tr>
            <tr>
                <td bgcolor="#ffffff"><img src="/images/spacer.gif" width="7" height="130" alt="" /></td>
                <td align="left" valign="top" style="background:url(/images/in-latest-news-bg.jpg)">
                <table width="95%" border="0" align="center" cellpadding="2" cellspacing="0">
         			<tr>
                    <td colspan="2" align="left" class="contentheadblue"><b>Latest at ITC</b></td>
                  </tr>
                  <tr>
                    <td colspan="2"><img src="/images/spacer.gif" alt="" width="1" height="3" /></td>
                  </tr>
                  <tr>
                    <td>&nbsp;</td>
                    <td class="small-black-text" style="border-bottom:1px #c4c4c4 dotted;"><span class="latest_news"><a href="http://itcportal.com/about-itc/newsroom/press-reports/PressReport.aspx?id=1191&amp;type=C&amp;news=ITC-hotels-division-goes-global-buys-land-in-Lanka" class="latest_news">ITC hotels division goes global, buys land in Lanka</a></span></td>
                  </tr>
                  <tr>
                    <td>&nbsp;</td>
                    <td class="small-black-text" style="border-bottom:1px #c4c4c4 dotted;"><span class="latest_news"><a href="http://itcportal.com/about-itc/newsroom/press-reports/PressReport.aspx?id=1186&amp;type=C&amp;news=itc-designs-strategy-for-mens-grooming-products" class="latest_news">ITC designs strategy for men's grooming products</a></span></td>
                  </tr>
                  <tr>
                    <td>&nbsp;</td>
                    <td class="small-black-text" style="border-bottom:1px #c4c4c4 dotted;"><span class="latest_news"><a href="http://itcportal.com/ReturnViewImage.aspx?fileid=228" target="_blank" class="latest_news">Grand Designs</a></span></td>
                  </tr>
                  <!--<tr>
                    <td>&nbsp;</td>
                    <td class="small-black-text" style="border-bottom:1px #c4c4c4 dotted;"><span class="latest_news"><a href="http://itcportal.com/about-itc/newsroom/press-releases/PressRelease.aspx?id=1184&amp;type=C&amp;news=AIMA-confers-the-Business-Leader-of-the-Year-Award-on-Mr-YCDeveshwar-Chairm" class="latest_news">Business Leader of the Year Award to Y C Deveshwar</a></span></td>
                  </tr>-->
              </table></td>
              <td bgcolor="#d3d5e2"><img src="/images/in-latest-news-06.jpg" width="7" height="130" alt="" /></td>
            </tr>
            <tr>
                <td><img src="/images/in-latest-news-04.jpg" width="7" height="7" alt="" /></td>
                <td bgcolor="#ffffff"><img src="/images/in-latest-news-02.jpg" width="199" height="7" alt="" /></td>
                <td><img src="/images/in-latest-news-03.jpg" width="7" height="7" alt="" /></td>
            </tr>
        </table></td>
    </tr>
</table><div class="skipmainnavigation" style="width:200px;"><a href="#skipsMainNavigation" id="">Skip Main Navigation</a></div>
<p>&nbsp;</p>
<script language="javascript" type="text/javascript">
    var sPath = window.location.pathname;
    var sPage = sPath.substring(sPath.lastIndexOf('/') + 1);
    if (sPage.toLowerCase() == 'site-search.aspx') {
        document.getElementById('trSearch').style.display = 'none';
    }
</script>
<!-- last updated on 25.04.2012 for latest highlights by UM -->
</td>
                </tr>
                <!--<tr>
                    <td>&nbsp;</td>
                </tr>
                <tr>
                    <td>
<script language="javascript" type="text/javascript">
function openwindow(htmlfile) {
    window.open(htmlfile, "", "toolbars=no,directory=no,scrolling=yes,scrollbars=yes,resizable=no,border=0,width=796,height=500,left=0,top=0");
}
</script>
<table width="100%" border="0" cellspacing="0" cellpadding="3">

    <tr>
        <td align="right" colspan="2"><a href="/experience-itc/index.aspx" class="left-link-one">Experience ITC</a></td>
    </tr>

    <tr>
        <td align="right"><a href="/terms-of-use.aspx" class="left-link-two">Terms of Use</a></td>
        <td align="center" valign="middle"><img src="/images/red-arrow.gif" width="5" height="14"></td>
    </tr>
    <tr>
        <td align="right"><a href="/privacy-policy.aspx" class="left-link-two">Privacy Policy</a></td>
        <td align="center" valign="middle"><img src="/images/red-arrow.gif" width="5" height="14"></td>
    </tr>
    <tr>
        <td align="right"><a href="/insider-trading-caution.aspx" class="left-link-two">Insider Trading - Caution</a></td>
        <td align="center" valign="middle"><img src="/images/red-arrow.gif" width="5" height="14"></td>
    </tr>
    <tr>
        <td align="right"><a href="javascript:openwindow('/itcnewsticker/UserRegistration.aspx');" class="left-link-two">Subscribe to Updates</a></td>
        <td align="center" valign="middle"><img src="/images/red-arrow.gif" width="5" height="14"></td>
    </tr>
    <tr>
        <td align="right"><a href="/sitemap.aspx" class="left-link-two">Sitemap</a></td>
        <td align="center" valign="middle"><img src="/images/red-arrow.gif" width="5" height="14"></td>
    </tr>
    <tr>
        <td align="right">&nbsp;</td>
        <td align="center" valign="middle">&nbsp;</td>
    </tr>
</table>
</td>
                </tr>
                <tr>
                    <td>&nbsp;</td>
                </tr>-->
            </table></div>
        </div>
        <!--Left Panel holder: END-->

        <!--Right Panel holder: START-->
        <div id="right-panel-main">
            <div id="top-link-panel">
<script language="javaScript" type="text/javascript"> 
//function newwindow_share()
//{
// window.open("chartpopup.aspx","","toolbars=no,directory=no,scrolling=yes,scrollbars=yes,scrollbars=yes,resizable=yes, border=0, width=660,height=550,left=100,top=30" );
//}
function newwindow_last10()
{
 window.open("/shareholder/financial-highlights-1.aspx","","toolbars=no,directory=no,scrolling=yes,scrollbars=yes,scrollbars=yes,resizable=yes, border=0, width=800,height=600,left=100,top=30" );
}
</script>

<div style="width:747px;" align="center"  >
    <ul id="MenuBar1" class="MenuBarHorizontal">
        <li style="width:110px;" ><a href="/about-itc/itc-profile/itc-profile.aspx" class="MenuBarItemSubmenu" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;" name="topmenustarts">About ITC</a>
            <ul style="margin-left:0px; width:749px">
                <li style="width:185px;"><table style="width:749px; height:274px; border:none; background:URL(/images/dd-about-bg.jpg);" cellpadding="10" cellspacing="3">
      <tr>
                        <td width="183" valign="top" ><table width="100%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><a href="/about-itc/itc-profile/itc-profile.aspx" class="link-level-1">ITC Profile</a></td>
                          </tr>
                          <tr>
                            <td valign="middle"><a href="/about-itc/itc-profile/history-and-evolution.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> History and Evolution</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-profile/the-itc-way.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> The ITC Way</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-leadership/itc-leadership.aspx" class="link-level-1">ITC Leadership</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-leadership/board-of-directors.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Board of Directors</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-leadership/corporate-management-committee.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> CMC</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-leadership/divisional-management-committees.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> DMCs</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/global-honours.aspx" class="link-level-1">Global Honours</a></td>
                          </tr>
                        </table></td>
              <td valign="top" style="border-right:1px dotted #003399;" width="6"><img src="/images/spacer.gif" width="5" height="1" alt="" /></td>
      <td width="215" valign="top" ><table width="100%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><a href="/about-itc/itc-values/vision-and-mission.aspx" class="link-level-1">Our Values</a></td>
                          </tr>
                          <tr>
                            <td valign="middle"><a href="/about-itc/itc-values/vision-and-mission.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Vision &amp; Mission</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-values/core-values.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Core Values</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-values/corporate-governance.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Corporate Governance</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-values/code-of-conduct.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Code of Conduct</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-values/policy-on-human-rights.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Policy on Human Rights</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-values/environment-health-safety-policy.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC's EHS Policy</a></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/itc-values/itc-it-e-waste-policy.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC IT E-Waste Policy</a></td>
                          </tr>
                          <tr>
                            <td><img src="/images/spacer.gif" width="3" height="8" alt=""/></td>
                          </tr>
                          <tr>
                            <td><a href="/about-itc/research-and-development.aspx" class="link-level-1">Research and Development</a></td>
                          </tr>
              </table></td>
              <td width="6" valign="top" style="border-right:1px dotted #003399;"  >&nbsp;</td>
                        <td width="219" valign="top" >
                        	
                            <table width="100%" border="0" cellspacing="0" cellpadding="0">
                              <tr>
                                <td><a href="/about-itc/chairman-speaks/ChairmanSpeaks.aspx" class="link-level-1">Chairman Speaks</a></td>
                              </tr>
                              <tr>
                                <td valign="middle"><table width="100%" border="0" cellspacing="0" cellpadding="0">
                                  <tr>
                                    <td width="37%" rowspan="3" align="center"><img src="/images/dd-chairmans.jpg" width="62" height="62" title="image of Y.C. Deveshwar: ITC Chairman" alt="image of Y.C. Deveshwar : ITC Chairman" /></td>
                                    <td width="63%"><a href="/about-itc/chairman-speaks/ChairmanSpeaks.aspx" class="link-level-2">AGM Speeches</a></td>
                                  </tr>
                                  <tr>
                                    <td><a href="/about-itc/chairman-speaks/ChairmanSpeak.aspx?id=1111&amp;type=B&amp;news=chairman-2011" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> 2011</a></td>
                                  </tr>
                                  <tr>
                                    <td><a href="/about-itc/chairman-speaks/ChairmanSpeak.aspx?id=101&amp;type=B&amp;news=chairman-2010" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> 2010</a></td>
                                  </tr>
                                  </table></td>
                              </tr>
                              <tr>
                                <td>&nbsp;</td>
                              </tr>
                              <tr>
                                <td><a href="/about-itc/newsroom/news-highlights.aspx" class="link-level-1">Newsroom</a>                                </td>
                              </tr>
                              <tr>
                                <td><table width="100%" border="0" cellspacing="0" cellpadding="0">
                                  <tr>
                                    <td width="37%" rowspan="3" align="center"><img src="/images/dd-newsroom.jpg" width="62" height="62" alt="" /></td>
                                    <td width="63%"><a href="/about-itc/newsroom/press-releases/PressReleases.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Press Releases</a></td>
                                  </tr>
                                  <tr>
                                    <td><a href="/about-itc/newsroom/press-reports/PressReports.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Press Reports</a></td>
                                  </tr>
                                  <tr>
                                    <td><a href="/about-itc/media-kit/index.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> <b>Media Kit</b></a></td>
                                  </tr>
                                </table></td>
                              </tr>
                            </table>                            </td>
                  </tr>
                </table></li>
            </ul>
        </li>
        <li style="width:185px; background-image:url(''/images/menu-divider.jpg); background-repeat:no-repeat "><a href="/sustainability/sustainability.aspx" class="MenuBarItemSubmenu" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;" >Sustainability in Action</a>
        <ul style="margin-left:-110px; width:751px">
        <li>
          <table width="751" border="0" cellpadding="0" cellspacing="0" style="background:URL(/images/dd-sust-bg.jpg); height:165;">
            <tr>
              <td valign="middle" align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td align="center" valign="top"><a href="/itc-business/index.aspx" class="styleless"><img src="/images/dd-sust-01.jpg" width="62" height="62" border="0" alt="Leadership in Business" title="Leadership in Business" /></a></td>
                  </tr>
                  <tr>
                    <td align="center"><a href="/itc-business/index.aspx" class="link-level-3"><strong>Leadership in Business</strong></a> </td>
                  </tr>
              </table></td>
              <td valign="middle" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle" align="center" width="122"><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td width="122" align="center"><a href="/sustainability/environmental-stewardship.aspx" class="styleless"><img src="/images/dd-sust-02.jpg" width="62" height="62" border="0" alt="Environmental Stewardship" title="Environmental Stewardship" /></a></td>
                  </tr>
                  <tr>
                    <td width="122" align="center"><a href="/sustainability/environmental-stewardship.aspx" class="link-level-3"><strong>Environmental Stewardship</strong></a></td>
                  </tr>
              </table></td>
              <td valign="top" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle"  align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td align="center" valign="top"><a class="styleless" href="/sustainability/lets-put-india-first/default.aspx" target="_blank" title="Social Responsibility opens in a new window"><img src="/images/dd-sust-03.jpg" width="62" height="62" border="0" alt="Social Responsibility opens in a new window" title="Social Responsibility opens in a new window" /></a></td>
                  </tr>
                  <tr>
                    <td align="center"><a href="/sustainability/lets-put-india-first/default.aspx" target="_blank" class="link-level-3" title="Social Responsibility opens in a new window"><strong title="Social Responsibility opens in a new window">Social Responsibility</strong></a></td>
                  </tr>
              </table></td>
              <td valign="top" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle"  align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td width="110" align="center"><a href="/itc-business/agri-business/e-choupal.aspx" class="styleless"><img src="/images/dd-sust-04.jpg" width="62" height="62" border="0" alt="e-Choupal" title="e-Choupal" /></a></td>
                  </tr>
                  <tr>
                    <td width="110" align="center"><a href="/itc-business/agri-business/e-choupal.aspx" class="link-level-3"><strong>e-Choupal</strong></a></td>
                  </tr>
              </table></td>
              <td valign="top" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle" align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td align="center"><a href="/sustainability/sustainability-report-2011/index.aspx" target="_blank" class="styleless" title="Sustainability Reporting opens in a new window"><img src="/images/dd-sust-06.jpg" width="62" height="62" border="0" alt="Sustainability Reporting opens in a new window" title="Sustainability Reporting opens in a new window" /></a></td>
                  </tr>
                  <tr>
                    <td align="center"><a href="/sustainability/sustainability-report-2011/index.aspx" target="_blank" class="link-level-3" title="Sustainability Reporting opens in a new window"> <strong title="Sustainability Reporting opens in a new window">Sustainability Reporting</strong></a></td>
                  </tr>
              </table></td>
              <td valign="top" style="border-right:1px dotted #003399;" ><img src="/images/spacer.gif" width="2" height="1" alt="" /></td>
              <td valign="middle"  align="center" width="122" ><table width="100%" border="0" cellspacing="0" cellpadding="10">
                  <tr>
                    <td align="center"><a href="/sustainability/sustainability-of-traditions.aspx" class="styleless"><img src="/images/dd-sust-05.jpg" width="62" height="62" alt="Sustainability of Traditions" title="Sustainability of Traditions" /></a></td>
                  </tr>
                  <tr>
                    <td align="center"><a href="/sustainability/sustainability-of-traditions.aspx" class="link-level-3"><strong>Sustainability of Traditions</strong></a></td>
                  </tr>
              </table></td>
            </tr>
          </table>
        </li>
        </ul>
      </li>
        <li style="width:110px; background-image:url(''/images/menu-divider.jpg); background-repeat:no-repeat" ><a href="/itc-business/index.aspx" class="MenuBarItemSubmenu" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;" >Businesses</a>
                    <ul style="margin-left:-295px; width:749px">
                <li style="width:185px;">
                  <table width="749px" border="0" cellspacing="0" cellpadding="0" style="background:URL(/images/dd-bus-bg.jpg); height:215;">
                    <tr>
                      <td colspan="4" align="center" valign="top"><img src="/images/spacer.gif" width="1" height="5" alt="" /></td>
                    </tr>
                    <tr>
                      <td width="190" align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><a href="/itc-business/fmcg/index.aspx" class="link-level-1">FMCG</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/cigarettes.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Cigarettes &amp; Cigars</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/foods.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Foods</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/lifestyle-retailing.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Lifestyle Retailing</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/personal-care-products.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Personal Care</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/education-and-stationery-products.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Education and Stationery</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/safety-matches.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Safety Matches</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/fmcg/agarbattis.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Agarbattis</a></td>
                          </tr>
                      </table></td>
                      <td width="210" align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                        <tr>
                          <td><a href="/itc-business/paperboards-and-packaging/paperboards-and-specialty-papers.aspx" class="link-level-1">Paperboards &amp; Packaging</a></td>
                        </tr>
                        <tr>
                          <td valign="top" align="left" height="30px"><a href="/itc-business/paperboards-and-packaging/paperboards-and-specialty-papers.aspx" class="link-level-4"><span class="dd-bullet-ornge">&raquo;</span> Paperboards &amp; <br />&nbsp;&nbsp;&nbsp;Specialty Papers</a></td>
                        </tr>
                        <tr>
                          <td><a href="/itc-business/paperboards-and-packaging/packaging.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Packaging</a></td>
                        </tr>
                        <tr>
                          <td>&nbsp;</td>
                        </tr>
                       
                      </table></td>
                      <td width="190" align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><a href="/itc-business/agri-business/agri-commodities-and-rural-services.aspx" class="link-level-1">Agri Business</a></td>
                          </tr>
                          <tr>
                            <td valign="top" align="left" height="30px"><a href="/itc-business/agri-business/agri-commodities-and-rural-services.aspx" class="link-level-4"><span class="dd-bullet-ornge">&raquo;</span> Agri Commodities  &amp;  <br />&nbsp;&nbsp;&nbsp;Rural Services</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/agri-business/e-choupal.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> e-Choupal</a></td>
                          </tr>
                          <tr>
                            <td><a href="/itc-business/agri-business/leaf-tobacco.aspx" class="link-level-4"><span class="dd-bullet-ornge">&raquo;</span> Leaf Tobacco, Spices <br/>
                              &nbsp;&nbsp;&nbsp;&amp; Agri Inputs</a></td>
                          </tr>
                          <tr>
                            <td>&nbsp;</td>
                          </tr>
                        </table>                      </td>
                      <td width="190" align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                        <tr>
                          <td> <a href="/itc-business/hotels.aspx" class="link-level-1">Hotels</a></td>
                        </tr>
                        <tr>
                          <td><a href="/itc-business/group-companies/itc-infotech.aspx" class="link-level-1">Information Technology</a></td>
                        </tr>
                        <tr>
                          <td><a href="/itc-business/group-companies/default.aspx" class="link-level-1">Group Companies</a></td>
                        </tr>

                        <tr>
                          <td>&nbsp;</td>
                        </tr>
                        <tr>
                          <td>&nbsp;</td>
                        </tr>
                        <tr>
                          <td>&nbsp;</td>
                        </tr>
                      </table></td>
                    </tr>
                  </table>
                </li>
            </ul>
        </li>
        <li style="width:150px; background-image:url(''/images/menu-divider.jpg); background-repeat:no-repeat" ><a href="/shareholder/index.aspx" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;" >Shareholder Value</a>
             <ul style="margin-left:0px; width:250px">
                <li style="width:185px;">
                  <table width="343" border="0" cellpadding="0" cellspacing="0" style="background:URL(/images/dd-about-bg.jpg); height:170;">
                    <tr>
                      <td align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/key-financials.aspx" class="link-level-1">Key Financials</a></td>
                          </tr>
                          <!--<tr>
                            <td><a href="<'%=WebConfigurationManager.AppSettings["ItcRootFolder"]%>/shareholder/quarterly-results.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Quarterly Results</a></td>
                          </tr>-->
                          <tr>
                            <td><a href="/shareholder/quarterly-results.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Quarterly Results</a></td>
                          </tr>
                          <tr>
                            <td><a href="javascript:newwindow_last10()" class="link-level-2" title="Financial Highlights opens in a pop-up window"><span class="dd-bullet-ornge">&raquo;</span> <span title="Financial Highlights opens in a pop-up window">Financial Highlights</span></a></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/stock-prices.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Stock Prices</a></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/key-ratios.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Key Ratios</a></td>
                          </tr>
                      </table></td>
                      <td align="center" valign="top"><table width="95%" border="0" cellspacing="0" cellpadding="0">
                          <tr>
                            <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/investor-relations.aspx" class="link-level-1">Investor Relations</a></td>
                          </tr>
                          <tr>
                            <td valign="top" align="left"><a href="/shareholder/investor-relations/general-information.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> General Information</a></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/investor-relations/depository-activities.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Depository Activity</a></td>
                          </tr>
                          <tr>
                            <td><a href="/shareholder/investor-relations/share-registration.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Share Registration</a></td>
                          </tr>

                      </table></td>
                    </tr>
                    <tr>
                      <td colspan="2" align="center" valign="top"><a href="/shareholder/report-and-accounts.aspx" class="link-level-1" style="padding-left:110px;">Report &amp; Accounts</a></td>
                    </tr>
                  </table>
                </li>
            </ul>
        </li>
        <li style="width:80px; background-image:url(''/images/menu-divider.jpg); background-repeat:no-repeat" ><a href="/careers/careers.aspx" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;">Careers</a>
        
        <ul style="margin-left:-555px; width:250px">
                <li style="width:185px;">
                  <table width="749" border="0" cellpadding="0" cellspacing="0" style="background:URL(/images/dd-careers-bg.jpg); height:170;">
                    <tr>
                      <td align="center" valign="top"><table style="width:749" border="0" align="center" cellpadding="0" cellspacing="0">
                        <tr>
                          <td style="width:207" align="center" valign="top"><table style="width:180" border="0" align="center" cellpadding="0" cellspacing="0">
                           <tr>
                              <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                            </tr><tr>
        <td width="202"><a href="javascript:;" class="link-level-1">Know ITC</a></td>
      </tr>
      <tr>
        <td><a href="/careers/itc-today.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC Today</a></td>
      </tr>
      <tr>
        <td><a href="/careers/core-values.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Core Values</a></td>
      </tr>
      <tr>
        <td><a href="/careers/corporate-governance.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Corporate Governance </a></td>
      </tr>
      <tr>
        <td><a href="/careers/divisions.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC Businesses</a></td>
      </tr>
      <tr>
        <td><a href="/careers/ITC-brands.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC Brands</a></td>
      </tr>
      <tr>
        <td><a href="/careers/sustainability.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Sustainability</a></td>
      </tr>
                          </table></td>
                          <td width="227" align="center" valign="top"><table width="200" border="0" align="center" cellpadding="0" cellspacing="0">
                            <tr>
                              <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                            </tr><tr>
        <td><a href="javascript:;" class="link-level-1">Is ITC right for me?</a></td>
      </tr>
      <tr>
        <td><a href="/careers/itc-store-for-me.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> What ITC has in store for you </a></td>
      </tr>
      <tr>
        <td valign="top" align="left"><a href="/careers/what-sets-itc-apart.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> What sets ITC apart</a></td>
      </tr>
      <tr>
        <td><a href="/careers/learning-development.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Learning and Development</a></td>
      </tr>
      <tr>
        <td><a href="/careers/your-career-choice.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Your career choice</a></td>
      </tr>
      <tr>
        <td><a href="/careers/one-word.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> ITC in a Word</a></td>
      </tr>
      <tr>
        <td><a href="/careers/our-voice.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> Our Voice</a></td>
      </tr>
      <tr>
        <td><a href="/careers/faqs.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> FAQs</a></td>
      </tr>
                          </table></td>
                          <td width="160" align="right" valign="top"><table width="150" border="0" cellpadding="0" cellspacing="0" style="margin-left:-100px">
                            <tr>
                              <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                            </tr>
                            <tr>
                              <td><a href="javascript:;" class="link-level-1">ITC on Campus</a></td>
                            </tr>
                            <tr>
                              <td><a href="/careers/kites.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> KITES</a></td>
                            </tr>
                            <tr>
                              <td><a href="/careers/aut.aspx" class="link-level-2"><span class="dd-bullet-ornge">&raquo;</span> MT</a></td>
                            </tr>
                          </table></td>
                          <td width="155" align="right" valign="top"><table width="150" border="0" cellpadding="0" cellspacing="0" style="margin-left:-100px">
                            <tr>
                              <td><img src="/images/spacer.gif" width="1" height="8" alt="" /></td>
                            </tr>
                            <tr>
                              <td><a href="/careers/current-openings.aspx" class="link-level-1">Current Openings</a></td>
                            </tr>
                            <tr>
                              <td><a href="/careers/show-openings.aspx" class="link-level-2" style="height:55px; line-height:18px;" target="_blank" title="Explore present career opportunities in ITC opens in a new window"><span class="dd-bullet-ornge" >&raquo;&nbsp;</span><span title="Explore present career opportunities in ITC opens in a new window">Explore present <br />
&nbsp;                              &nbsp;career opportunities <br />
                              &nbsp;&nbsp;&nbsp;&nbsp;in ITC</span></a></td>
                            </tr>
                            <!--<tr>
                              <td><a href="/careers/content-writer.aspx" onclick="return careerpopup('/careers/content-writer.aspx')" class="link-level-2" style="height:35px; line-height:18px;" title="ITC requires Content Writers opens in a new window"><span class="dd-bullet-ornge">&raquo;&nbsp;</span><span title="ITC requires Content Writers">ITC requires Content<br />
                                &nbsp;&nbsp; Writers</span></a></td>
                            </tr>-->
                          </table></td>
                        </tr>
                        <tr>
                          <td align="center" valign="top">&nbsp;</td>
                          <td align="center" valign="top">&nbsp;</td>
                          <td align="right" valign="top">&nbsp;</td>
                          <td align="right" valign="top">&nbsp;</td>
                        </tr>
                      </table></td>
                    </tr>
                  </table>
                </li>
            </ul>
        </li>
        <li style="width:110px; background-image:url(''/images/menu-divider.jpg); background-repeat:no-repeat" ><a href="/contact-us.aspx" style="padding:0px; line-height:51px; text-align:center; height:51px; font-weight:bold;" >Contact Us</a>
        <!--
        <ul style="margin-left:-91px; width:200px">
                <li style="width:185px;"><table width="200" border="0" cellpadding="10" cellspacing="6">
                    <tr>
                    <td valign="top" >
            			<a href="/itc-address/network.aspx" class="link-level-2">- ITC Addresses</a>					</td>
                    </tr>
                </table></li>
            </ul>
			-->
			<!-- last updated on 01.09.2011 by CB -->
        </li>
    </ul>
</div>
<div id="outerLayer" style="display:none; z-index:2;"></div>
<script type="text/javascript">
<!--
var MenuBar1 = new Spry.Widget.MenuBar("MenuBar1", {imgDown:"/SpryAssets/SpryMenuBarDownHover.gif", imgRight:"/SpryAssets/SpryMenuBarRightHover.gif"});
//-->
</script></div>
            <!--<div style="position:absolute; width: 747; height:275; visibility:visible;" id="shoshkele" name="shoshkele">
                <script type="text/javascript">
				var sPath = window.location.pathname;
				var sPage = sPath.substring(sPath.lastIndexOf('/') + 1);

                    AC_FL_RunContent(
			'codebase', 'http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0',
			'width', '747',
			'height', '275',
			'src', '/shoshkele/Financial-shoshkele-oct2010',
			'quality', 'high',
			'pluginspage', 'http://www.macromedia.com/go/getflashplayer',
			'align', 'middle',
			'play', 'true',
			'loop', 'true',
			'scale', 'showall',
			'wmode', 'transparent',
			'devicefont', 'false',
			'id', '/shoshkele/Financial-shoshkele-inside',
			'bgcolor', '#ffffff',
			'name', '/shoshkele/Financial-shoshkele-inside',
			'menu', 'true',
			'allowFullScreen', 'false',
			'allowScriptAccess','sameDomain',
			'movie', '/shoshkele/Financial-shoshkele-inside',
			'flashVars', 'pg='+sPage,
			'salign', ''
			); 
                </script>
            </div>-->
			<div id="print-panel" style="z-index: 200;"><a name="skipsMainNavigation"></a>
<script language="javascript" type="text/javascript">
    function openWindow(theURL) {
        var thisUrl = 'http://www.itcportal.com/about-itc/newsroom/press-reports/PressReport.aspx?id=832||type=C||news=Internet-kiosks-push-coffee-sale';
        window.open(surl = theURL + "?pg=" + thisUrl, "", "top=0,left=262,width=666,height=480,directories=0,fullscreen=0,help=0,menubar=0,resizable=0,scrollbars=0,status=0,titlebar=0,toolbar=0");
    }
</script>
<table border="0" align="right" cellpadding="2" cellspacing="0">
    <tr>
      <td><a href="javascript:void(0);" onclick="printit()">Print this page</a></td>
      <td><img src="/images/print-icon.gif" width="14" height="14" alt="Print this page" title="Print this page" /></td>
      <td>&nbsp;<a href="javascript:openWindow('/EmailThisPage.aspx','','')">Email this page</a></td>
      <td><img src="/images/email-icon.gif" width="14" height="12" alt="Email this page" title="Email this page" /></td>
      <td>&nbsp;Font Size</td>
      <td><a href="javascript:ts('content-area',1)"><img src="/images/font-up-arrow.gif" width="7" height="10" border="0" alt="Increase font size" title="Increase font size"/></a>&nbsp;<a href="javascript:ts('content-area',-1)"><img src="/images/font-down-arrow.gif" width="7" height="10" border="0"  alt="Decrease font size" title="Decrease font size"/></a></td>
      <td>&nbsp;<a href="javascript:window.location.href='/about-itc/newsroom/press-reports/PressReport.aspx'"><img src="/images/reset.gif" width="28" height="11" border="0" alt="Reset font size" title="Reset font size" /></a></td>
    </tr>
  </table>
<blockquote>&nbsp;</blockquote>
</div>
			<div id="breadcrumb"><a name="breadcrumbstarts"></a><span id="ctl00_lblNav"><strong><a href='/default.aspx'>Home</a></strong> &gt; <a href='/about-itc/itc-profile/itc-profile.aspx'>About ITC</a> &gt; <a href='/about-itc/newsroom/news-highlights.aspx'> Newsroom</a> &gt;  Press Reports</span></div>
            <div style="margin-top:0px;" id="flash-area"><img src="../../../header-graphics/newsroom.jpg" id="ctl00_imgPageImage" width="745" height="273" alt=" " /></div>
            <!--Content area: START--><a name="pgcontent"></a>
            <div id="content-area"><a name="contentstarts"></a>
<script language="javascript" type="text/javascript">
    function CheckFormPressReports() {
        if (document.getElementById("ctl00_cphPageContent_lstYear").value == "0") {
            alert("Inputs are mandatory");
            return false;
        }
        window.location.href = "/about-itc/newsroom/press-reports/PressReports.aspx?Year=" + document.getElementById("ctl00_cphPageContent_lstYear").value;
        return false;
    }
    
    function CheckFormPressReleases() {
        if (document.getElementById("ctl00_cphPageContent_ddlPressReleases").value == "0") {
            alert("Inputs are mandatory");
            return false;
        }
        window.location.href = "/about-itc/newsroom/press-releases/PressReleases.aspx?Year=" + document.getElementById("ctl00_cphPageContent_ddlPressReleases").value;
        return false;
    }
</script>
        <table width="100%" border="0" align="center" cellpadding="0" cellspacing="0">
            <tr>
                <td colspan="2"><h2>Newsroom - Press Report</h2></td>
            </tr>
        </table>       
        <table width="100%" border="0" align="left" cellpadding="0" cellspacing="0">
            <tr>
                <td align="right" colspan="3"><a href="/about-itc/newsroom/news-highlights.aspx" class="content">Home</a>&nbsp;&nbsp;<a href="/about-itc/newsroom/press-releases/PressReleases.aspx" class="content">Press Releases</a></td>
            </tr>
            <tr>
                <td align="center" colspan="3">
                    
                </td>
            </tr>
            <tr>
                <td width="5%">
                &nbsp;
                </td>
                <td >
                    <div>                        
                        <p>&nbsp;</p>
                        <p>
                            <table border="0" cellpadding="0" cellspacing="0" class="newsroom-table-02">
                                <tr>
                                    <th><a href="PressReports.aspx?Year=2002" id="ctl00_cphPageContent_pressreportlink" style="color: #FFFFFF;font-size:16px; text-decoration:none;">Press Report&nbsp;<span id="ctl00_cphPageContent_spanYear">2002</span></a></th>
                                </tr>
                                <tr>
                                    <td>
                                        <table border="0" cellspacing="0" cellpadding="0">
                                            <tr>
                                                <td>
                                                    <table width="100%" border="0" cellspacing="0" cellpadding="0" class="newsroom-table-02a">
                                                        <tr>
                                                            <th><span id="ctl00_cphPageContent_lblTitle">Light at the end of the stick</span><span id="ctl00_cphPageContent_lblMessageCaption" class="msg"></span></th>
                                                        </tr>
                                                        <tr>
                                                            <td>
                                                                <table width="100%" border="0" cellpadding="0" cellspacing="0">
                                                                    <tr>
                                                                        <td width="50%" align="left" style="padding-left:30px;"><span id="ctl00_cphPageContent_lblPublisherName">Hindustan Times</span></td>
                                                                        <td width="50%" align="right" style="padding-right:30px;"><span id="ctl00_cphPageContent_lblPublishDate">01 May 2002</span></td>
                                                                    </tr>
                                                                </table>
                                                            </td>
                                                        </tr>
                                                    </table>
                                                </td>
                                            </tr>   
                                            <tr>
                                                <td>
                                                    <table class="newsroom-content" width="650px">
                                                        <tr>
                                                            <td>                                                                           
                                                                <span id="ctl00_cphPageContent_lblContent"><P align=justify><FONT size=2><STRONG>PLATFORM</STRONG> / <I>R. Krishnan</I></FONT><I></P>
<P align=justify><FONT face=arial size=2>Indian tobacco has the lowest carcinogenic content in the world. The government must market cigarette tobacco highlighting its safety characteristics to corner a bigger share of the global market</FONT></P></I>
<P align=justify><FONT face=arial size=2>THE ANTI-SMOKING drive all over the world has begun to show results. While the area under tobacco cultivation in Europe has fallen marginally, both the area and production has shrunk in the US. The number of smokers also fell in these two regions.</FONT></P>
<P align=justify><FONT face=arial size=2>In contrast, the smoking community in Asia, West Assia, Russia and Eastern Europe grew by 5 per cent, pushing up the demand for cigarette tobacco. Globally, the number of smokers rose by 1.6 per cent in 2000.</FONT></P>
<P align=justify><FONT face=arial size=2>Given this background, how is India placed as a source for cigarette tobacco supplies? The future looks good if the findings of the Central Tobacco Research Institute (CTRI) headquartered at Rajahmundhry in Andhra Pradesh are any indicator: CTRI, under the ministry of agriculture, is the only research institute of its kind in the world devoted to a single crop.</FONT></P>
<P align=justify><FONT face=arial size=2>The Flue Cured Variety of tobacco was introduced in India in 1928 by the Indian Leaf Tobacco Development Company. It later became the Indian Leaf Tobacco Division of ITC. Agronomists in ILTD also located in Rajahmundhry feel that India is placed in a tricky situation. Many MNCs want to make India a base for cigarette production costs are low here. India is also the largest supplier of filler tobacco in the world as flavoured tobacco accounts for only 15 to 20 per cent of the in cigarettes.</FONT></P>
<P align=justify><FONT face=arial size=2>Despite the potential, tobacco exports from India fell from Rs 1,100 crore in 1999 to Rs 900 crore in 2001. While a crop holiday and previous year’s surplus stocks were the main causes, the Tobacco Board also ordered a cutback in production of cigarette tobacco which is grown only in Andhra Pradesh and Karnataka.</FONT></P>
<P align=justify><FONT face=arial size=2>Data shows that annual cigarette sales in India at Rs 12,000 crore have started falling as rising prices have forced smokers to shift to <I>bidi</I>. The Supreme Court ban on smoking in public places and increased availability of contraband cigarettes have made things difficult for the domestic cigarette industry. This will have an impact in the long run on the cigarette tobacco farmers.</FONT></P>
<P align=justify><FONT face=arial size=2>In contrast, there will be no impact on <I>bidi</I> tobacco growers as it does not have the export potential of filler tobacco. Only 14 per cent of tobacco produced domestically goes into cigarettes thus opening up a huge opportunity for Indian farmers.</FONT></P>
<P align=justify><FONT face=arial size=2>The need is for a higher and better quality yield from lesser acreage. The competition is from countries like Thailand, Kenya, Uganda, Vietnam and Combodia. While tobacco can grow even in a wasteland as it does not need much water, it acquires superior quality given the right climate. Against the international average yield of 2,300 kg per hectare, in India it is 1,300 kg. But new varieties developed by both ILTD and CTRI have shown yields rising to 1,850 kg per hectare.</FONT></P>
<P align=justify>&nbsp;<FONT face=arial size=2>One hears of debt-ridden cotton farmers committing suicide, but not tobacco farmers. In the northern light soil areas, tobacco farmers earn Rs 15,000 per hectare from new strains against Rs 10,746 earlier. Competing crops like maize and cashew, however, yield Rs 9,000 per hectare. In the light soil areas in Karnataka, farmers have started earning Rs 18,212 per hectare from superior tobacco varieties against Rs 7,000 from cotton and Rs 3,625 from maize. Tobacco continues to be a major source of employment in these areas.</FONT></P>
<P align=justify><FONT face=arial size=2>CTRI research shows that long years of refining have made the Indian Flue Cured Variety (FCV) and Burley tobacco safer than most strains grown elsewhere. Its findings published in the <I>International Journal of Plan and soil </I>shows that Indian FCV and Burley tobacco contain the lowest amount of harmful and carcinogenic substance known as Tobacco Specific Nitrosamines (TSNS) compared to that grown in the US, China, Brazil and Sri Lanka.</FONT></P>
<P align=justify><FONT face=arial size=2>This was established after using an American machine to conduct a thermal energy analysis. Strangely, TSNS is not found at the leaf or harvest stage; it is introduced during the curing process. Latest research shows that the tobacco grown in Karnataka does not have any trace of TSNS.</FONT></P>
<P align=justify><FONT face=arial size=2>Earlier nicotine, carbon monoxide and tar were considered most harmful. It is TSNS now. Against the nicotine content of over 3 per cent in other countries, FCV tobacco exported from India contains just 2 per cent nicotine. But tar still remains a concern, even though its content per stick has been reduced from 13 mg to 9mg. The entire effort is to make Indian tobacco safer so that Indian can garner a bigger share of the global tobacco market.</FONT></P>
<P align=justify><FONT face=arial size=2>CTRI research shows that cadmium and lead content in Indian tobacco is also the lowest. According to FAO projections, global tobacco consumption may rise yearly by 1.9 per cent creating an annual deficit of 185,000 tonnes or 2 per cent of global demand. Indian can corner a big share considering it accounts for just 0.2 per cent of world cigarette export against 24 per cent of the US, 30 per cent of the EU and 7 per cent of China.</FONT></P>
<P align=justify><FONT face=arial size=2>The low TSNS content in <I>desi</I> tobacco is also due to the indirect curing process used here. For once, technology is flowing in the reverse direction as evident in the US where they are returning to indirect curing. Cigarette majors there are funding barns for indirect curing to make safer cigarettes.</FONT></P>
<P align=justify><FONT face=arial size=2>The issue currently being addressed by CTRI and ILTD is plant breeding for introducing tobacco varieties that are in sync with customer preferences and regulatory norms- besides being resistant to pests, diseases and unfavourable weather conditions. What the government needs to do now is to market Indian cigarette tobacco highlighting its safety characteristics as established by CTRI.</FONT></P></span>
                                                            </td>
                                                        </tr>
                                                    </table>
                                                </td>
                                            </tr>
                                        </table>
                                    </td>
                                </tr>
                                <tr>
                                    <td background="/images/press-report-bottom-tab.gif" height="28" align="right" style="padding-right:40px;">
                                        <a id="ctl00_cphPageContent_lnkCrossLink" class="small-white-text"></a>
                                    </td>
                                </tr>
                            </table>
                        </p> 
                        <table width="98%" border="0" align="left" cellpadding="0" cellspacing="0">
                            <tr>
                                <td width="40%" align="left">
                                    <!--<a href="javascript:history.back();" class="very-small-black-text">[ Back ]</a>-->
                                </td>
                                <td align="right" >
                                    <a id="ctl00_cphPageContent_Prev" class="very-small-black-text" href="PressReport.aspx?id=831&amp;type=C&amp;news=Britishers-get-feel-of-Kitchens-of-India">[ Previous ]</a>
                                    <span id="ctl00_cphPageContent_Devider"> | </span>
                                    <a id="ctl00_cphPageContent_Next" class="very-small-black-text" href="PressReport.aspx?id=833&amp;type=C&amp;news=Back-To-School">[ Next ]</a>
                                </td>
                            </tr>
                        </table>
                        <br />
                        
                        <br />       
                    </div>
                    
                </td>
                <td width="25%">&nbsp;</td>
            </tr>
            <tr>
                <td style="text-align:center; background-color:#EFEFEF" colspan="3">
                    <table width="60%" border="0" cellspacing="0" cellpadding="5" align="center">
                        <tr>
                            <td>Press Reports Archive</td>                       
                            <td>
                                <select name="ctl00$cphPageContent$lstYear" id="ctl00_cphPageContent_lstYear">
	<option value="0">Select Year</option>
	<option value="2012">2012</option>
	<option value="2011">2011</option>
	<option value="2010">2010</option>
	<option value="2009">2009</option>
	<option value="2008">2008</option>
	<option value="2007">2007</option>
	<option value="2006">2006</option>
	<option value="2005">2005</option>
	<option value="2004">2004</option>
	<option value="2003">2003</option>
	<option value="2002">2002</option>
	<option value="2001">2001</option>

</select>
                            </td>
                            <td>
                                <input type="submit" name="ctl00$cphPageContent$btnSubmit" value="Submit" onclick="javascript:return CheckFormPressReports();" id="ctl00_cphPageContent_btnSubmit" />
                            </td>
                        </tr>
                        <!--<tr>
                            <td>Archive Press Releases</td>
                            
                            <td>
                                <select name="ctl00$cphPageContent$ddlPressReleases" id="ctl00_cphPageContent_ddlPressReleases">
	<option value="0">Select Year</option>
	<option value="2012">2012</option>
	<option value="2011">2011</option>
	<option value="2010">2010</option>
	<option value="2009">2009</option>
	<option value="2008">2008</option>
	<option value="2007">2007</option>
	<option value="2006">2006</option>
	<option value="2005">2005</option>
	<option value="2004">2004</option>
	<option value="2003">2003</option>
	<option value="2002">2002</option>
	<option value="2001">2001</option>

</select>
                            </td>
                            <td>
                                <input type="submit" name="ctl00$cphPageContent$Button1" value="Submit" onclick="javascript:return CheckFormPressReleases();" id="ctl00_cphPageContent_Button1" />&nbsp;&nbsp;
                            </td>
                        </tr>-->
                    </table>
                </td>
            </tr>
        </table>
        
</div>
            <!--Content Area: END-->
            <div id="top"><a href="javascript:void(0)" id="ctl00_hrefTop" onclick="goto_top()">TOP</a>&nbsp;</div>
        </div>
        <!--Right Panel holder: END-->
    </div>
    <!--main holder: END-->
    <div id="bottom-holder"><div class="skiptocontent" style="width:200px;"><a href="#skipsGeneralNavigation" id="">Skip General Navigation</a></div>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
<td width="100%" height="37px" align="center" bgcolor="#173b6b"><a href="/default.aspx" class="bottom-link">Home</a> <span class="small-grey">|</span> <a href="/about-itc/itc-profile/itc-profile.aspx" class="bottom-link">About ITC</a> <span class="small-grey">|</span> <a href="/sustainability/sustainability.aspx" class="bottom-link">Sustainability</a> <span class="small-grey">|</span> <a href="/itc-business/index.aspx" class="bottom-link">Businesses</a> <span class="small-grey">|</span> <a href="/shareholder/index.aspx" class="bottom-link">Shareholder Value</a> <span class="small-grey">|</span> <a href="/careers/careers.aspx" class="bottom-link">Careers</a> <span class="small-grey">|</span> <a href="/experience-itc/index.aspx" class="bottom-link">Experience ITC</a> <span class="small-grey">| </span><a href="/contact-us.aspx" class="bottom-link">Contact Us</a> <span class="small-grey">|</span> <a href="/insider-trading-caution.aspx" class="bottom-link">Insider Trading - Caution</a> <span class="small-grey">|</span> <a href="/sitemap.aspx" class="bottom-link">Sitemap</a> <span class="small-grey">|</span> <a href="javascript:NewWindow('/itcnewsticker/UserRegistration.aspx','MyWin','800','600','yes');" class="bottom-link" title="Subscribe to updates opens in a pop-up window">Subscribe to updates</a> </td>  </tr>
    <tr>
        <td height="37px" bgcolor="#FFFFFF"><table width="100%" border="0" cellspacing="0" cellpadding="0">
          <tr>
            <td width="66%"><a name="skipsGeneralNavigation">&nbsp;</a><span class="small-grey">&nbsp;&nbsp;&nbsp;&nbsp;Website optimised for IE 7.0 with 1024 x 768 screen resolution | &copy; ITC Limited 2012</span></td>
            <td width="34%" align="right"><a href="/mobile-site-popup.aspx" class="small-grey example5" title="">Mobile Website</a> <span class="small-grey">|</span> <a href="/terms-of-use.aspx" class="small-grey">Terms of Use</a> <span class="small-grey">|</span> <a href="/privacy-policy.aspx" class="small-grey">Privacy Policy</a>&nbsp;&nbsp;&nbsp;&nbsp;</td>
          </tr>
        </table></td>
  </tr>
</table></div>
</form>
<script language="javascript" type="text/javascript">
var sPath = window.location.pathname.toLowerCase();
if (sPath == '/sustainability/sustainability.aspx') {
	document.getElementById('content-area').style.marginLeft = '0px';
	document.getElementById('content-area').style.marginTop = '0px';
	document.getElementById('content-area').style.width = '747px';

	document.getElementById('top').style.display = 'none';
	document.getElementById('right-panel-main').style.backgroundColor = '#8aa727';
}
if (sPath == '/sustainability/environmental-stewardship.aspx') {
	document.getElementById('content-area').style.marginLeft = '0px';
	document.getElementById('content-area').style.marginTop = '0px';
	document.getElementById('content-area').style.width = '747px';
}
eval ("showImage()");
</script>
</body>
</html>
