Business Update20 Feb 2024, 12:22 am
Balrampur Chini Mills Limited to Venture into Polylactic Acid Manufacturing
AI Summary
Balrampur Chini Mills Limited, one of the largest integrated sugar mill complexes in India, announces forward integration and business diversification with its upcoming PLA (Polylactic Acid) manufacturing venture. The new PLA venture is well-aligned with the sustainability goals envisioned by the Hon'ble Prime Minister of India to combat climate change.,
Key Highlights
- First-ever industrial bio-plastic plant in India
- Estimated investment of Rs. 2000 crores in phases over a period of around 2.5 years
- Expected to be completed within a period of 30 months
- State-of-art PLA factory with a capacity of 75'000 t/a
- Usage of sugar as a raw material to produce Polylactic Acid and bioplastics marks the onset of a significant shift from the current linear consumption manufacturing paradigm to the one led by circular and regenerative principles