12 May, 2026 16:54:25 IST 
Kolkata-headquartered Balrampur Chini Mills Ltd. has raised Rs. 450-crore equity fund mainly to set up a lactogypsum processing plant and also meet enhanced capex for its polylactic acid (PLA) facility in Uttar Pradesh.
The company has ten sugar factories in UP having an aggregate sugarcane crushing capacity of 80,000-tpd (tonnes per day). It also has distillery and co-generation operations of 1,050 kilolitres per day and 175.7-MW, respectively.
Balrampur Chini is setting up a PLA manufacturing plant at Kumbhi in UP with a total capacity of 80,000-tpa.
“We have raised Rs. 450-crore through issue of preferential shares to support the company's expansion and growth plans,” Balrampur Chini Executive Director, Ms. Avantika Saraogi told news agency, PTI. She said the promoters also participated in the preferential issue of shares and have invested nearly Rs. 200-crore.
As part of the expansion plan, Ms. Saraogi said the company will invest Rs. 160-crore to set up a lactogypsum processing plant in UP with a capacity of 76 lakh gypsum boards per annum. The plant will process lactogypsum generated as a byproduct from its PLA manufacturing operations. The company has also revised its capital expenditure on its new PLA manufacturing plant in UP by Rs. 230-crore to nearly Rs. 3,100-crore. The remaining Rs. 60-crore would be used for general corporate purposes.
Ms. Saraogi said the PLA plant is likely to be operational this year. In February this year, the company bagged its first institutional order from Lucknow Cantonment Board to supply green bioplastics, including compostable garbage bags. The company is also working with stakeholders towards replacing conventional pan masala / gutka packaging with PLA-based multi-layer film, a viable and scalable alternative that is fully biodegradable.
