Balrampur Chini Mills Approves Higher Capacity for PLA Project with Revised Capital Expenditure of ₹ 2,850 Crores

Balrampur Chini Mills Ltd. has approved the BCML Restricted Stock Unit Scheme 2025 and the Un-Audited Financial Results for the Quarter and Nine months ended 31st December, 2024. The Board has also approved a higher capacity of 80,000 Tonnes Per Annum for the Poly Lactic Acid (PLA) Project with a revised capital expenditure of ₹ 2,850 crores. The net capex of the project will be ₹ 1,750 crores post expected capital subsidy of ₹ 1,100 crores as per U.P. Government Scheme. The revised capex will be funded through a mix of ₹ 31,650 crores in debt and ₹ 1,200 crores from internal accruals. The meeting was held on 7th February, 2025 and commenced at 12:30 P.M. and concluded at 02:30 P.M.