Balrampur Chini Mills to Advance Sustainable Growth with New Lactogypsum Plant

Balrampur Chini Mills Ltd plans to invest Rs 160 crore in a lactogypsum processing plant in Uttar Pradesh, alongside raising Rs 450 crore via preferential shares. The company is enhancing its capital outlay for a new PLA manufacturing plant due to cost escalations, reflecting its commitment to sustainable operations.

Balrampur Chini Mills Ltd is making a bold move by investing Rs 160 crore into establishing a lactogypsum processing plant in Uttar Pradesh as part of its sustainable growth strategy. This investment forms a part of the company's larger ambition to bolster fiscal health and foster sustainable manufacturing processes.

In an effort to fuel these expansions, the company has decided to issue preferential shares, aiming to raise up to Rs 450 crore. Prominent investors, including TATA Small Cap Fund and ICICI Prudential, are expected to participate. This strategic financial maneuver reflects the company's determination to secure its expansion plans.

Furthermore, Balrampur Chini Mills is revising its capital expenditure for a poly lactic acid manufacturing plant upwards by Rs 230 crore, adjusting the budget to approximately Rs 3,100 crore. This adjustment is attributed to inflation in construction material costs and global supply chain disruptions, underscoring resilience in the face of economic challenges.