Balrampur Chini Mills Invests ₹160 Crore in Gypsum Board Plant

Balrampur Chini Mills is set to invest ₹160 crore in establishing a Lactogypsum Processing Plant at Kumbhi, Uttar Pradesh. This new facility will focus on manufacturing gypsum boards by utilizing lactogypsum, a by-product derived from the company's forthcoming Polylactic Acid project. The plant is projected to achieve an annual production capacity of around 76 lakh gypsum boards, with commercial operations expected to commence by December 2027.

In parallel, the company has revised the capital expenditure for its Polylactic Acid project to approximately ₹3,080 crore, an increase from the initial estimate of ₹2,850 crore, accounting for updated project needs and escalating costs. To support these expansions, Balrampur Chini Mills also approved a preferential issue of equity shares amounting to ₹450 crore and plans to raise $200 crore through Non-Convertible Debentures. These financial strategies are intended to bolster the company's balance sheet and fund its growth initiatives, reaffirming promoter confidence in the company's long-term potential.