Balrampur Chini Mills gains on launching India`s first PLA biopolymer brand
Balrampur Chini Mills is currently trading at Rs. 562.15, up by 3.55 points or 0.64% from its previous closing of Rs. 558.60 on the BSE.
The scrip opened at Rs. 555.55 and has touched a high and low of Rs. 565.70 and Rs. 555.55 respectively. So far 15112 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 692.85 on 03-Oct-2024 and a 52 week low of Rs. 352.05 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 572.95 and Rs. 548.00 respectively. The current market cap of the company is Rs. 11349.94 crore.
The promoters holding in the company stood at 42.87%, while Institutions and Non-Institutions held 39.13% and 18.01% respectively.
Balrampur Chini Mills (BCML) has launched India's first Poly Lactic acid (PLA) brand 'Balrampur Bioyug'. Strategically located adjacent to BCML’s existing sugar factory in Kumbhi, Uttar Pradesh, the upcoming PLA plant integrates operational synergies to enhance resource efficiency and optimize supply chain management.
With a gross investment of Rs 2,850 crore, the plant leverages cutting-edge technology from global technology providers. It will be powered by 100% renewable energy for its entire production process.
Balrampur Chini Mills is one of the largest integrated sugar manufacturers in India. Its business portfolio consists of manufacturing and marketing of sugar, ethyl alcohol, ethanol, generation and selling of power and also manufacturing and marketing of organic manure.
