Positive impactCompany
Centre approves ₹75 cr grant for Balrampur Chini to set up bioplastic R&D unit
BusinessLine 59 min ago·24 Sept 2026, 2:56 pm
The Union government has approved a grant of ₹75 crore to Balrampur Chini Mills to establish a Research and Development facility for bioplastics. The plant is set to be built at Kumbhi at a total cost of ₹110 crore, with the government covering a significant portion of the funding.
This initiative is a strategic move for the company, aiming to diversify its product portfolio beyond traditional sugar. By entering the bioplastics sector, Balrampur Chini seeks to tap into growing demand for sustainable alternatives to conventional plastics, which could open new revenue streams and improve its long-term growth prospects.
Investors should monitor the progress of the project, including timelines for completion and the commercial viability of the bioplastic products. Success in this new venture could enhance the company's competitive edge in the market.
Excerpt from BusinessLine
Sugar company Balrampur Chini Mills has announced the approval of a ₹75-crore grant from the Centre to set up a pilot research facility for bio-plastic poly lactic acid (PLA) and co-polymer products in Uttar Pradesh. The R&D plant, to be located at Kumbhi with a capacity of 100 tonnes per annum, will be established at…Read the original at BusinessLine
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- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
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