Latest news with #BalrampurChiniMills
Indian Express
27-05-2025
- Business
- Indian Express
At Invest UP's Mumbai meet, industries announce investments worth crores
Invest UP on Tuesday organised a investor roundtable in Mumbai in which several prominent industrial groups announced investment proposals worth thousand of crores, the state government said. The event at the Jio World Convention Centre was attended by leading industrialists of the country, it added. The meeting was chaired by UP Chief Secretary Manoj Kumar Singh and conducted by Invest UP Chief Executive Officer (CEO) Vijay Kiran Anand. At the event, Balrampur Chini Mills signed a memorandum of understanding (MoU) with the state to set up a 250 TPD polylactic acid plant in Lakhimpur Kheri district. The agreement marks a investment of Rs 2,850 crore and is expected to generate 225 new employment opportunities in the state, the government said. The project is set to commence operations this month, it was stated. Balrampur Chini Mills chairman and managing director Vivek Saraogi expressed confidence in collaboration with the state government, saying, 'We aim to drive innovation in bioplastics and contribute to a greener future.' Also, Hiranandani Group chairman Niranjan Hiranandani said Yotta Data Services has established a 30 MW data centre in just 18 months, and this capacity will now be doubled. He also announced a semiconductor chip manufacturing project worth Rs 28,440 crore in Noida. Sindoor Mittal, vice president of Avaada Group, attributed the start of 1.5 GW solar module unit in 4 months to the government. He also announced an additional investment of Rs 20,000 crore. UltraTech Cement MD KC Jhawar, who shared expansion plans for Aligarh, Shahjahanpur, and Tanda, with an investment of Rs 1,981 crore, appreciated the state government's integrated approval process. Tata Power Renewable Energy Limited CEO Sanjay Banga spoke about renewable energy projects in Bundelkhand and plans to set up two 800 MW ultra-supercritical power units with an investment of ?13,700 crore. Rajiv Ranjan Singh of EN Communication proposed to build the Mahabharata Museum in the Yamuna Expressway area at a cost of Rs 1,500 crore.
Time of India
27-05-2025
- Business
- Time of India
Balrampur Chini Mills to set up plant in Kheri
Lucknow: The Balrampur Chini Mills Limited signed an MOU with the UP govt during the Invest UP round table conference in Mumbai on Tuesday. The company pledged to establish a 250 TPD polylactic acid (PLA) plant at Kumbhi Chini Mills in Lakhimpur Kheri. "The agreement marks a significant investment of Rs 2,850 crore and is expected to generate 225 new employment opportunities in the state," an official spokesperson said. The MoU was exchanged between Vijay Kiran Anand, CEO of Invest UP and Avantika Saroagi, executive director of Balrampur Chini Mills Limited, in the presence of chief secretary Manoj Kumar Singh and Vivek Saroagi, chairman of Balrampur Chini Mills. The CS said: "UP continues to lead the way in sustainable industrial growth. This landmark investment by Balrampur Chini Mills not only strengthens our commitment to green technology but also reinforces our position as India's preferred investment destination." Saraogi said, "We aim to drive innovation in bioplastics and contribute to a greener future." Anand said project aligns with the state's vision to position UP as a preferred investment destination and achieve $ 1 trillion economy through sustainable industrial development.
Time of India
27-05-2025
- Business
- Time of India
Balrampur Chini Mills signs MoU with UP govt for polylactic acid plant with Rs 2,850-crore investment
Balrampur Chini Mills Ltd on Tuesday said it has signed an initial agreement with the Uttar Pradesh government to establish a 250 TPD polylactic acid (PLA) plant at Kumbhi Chini Mills in Lakhimpur Kheri. Balrampur Chini Mills has signed a Memorandum of Understanding (MoU) with the UP government to this effect, a company release said. The agreement marks an investment of Rs 2,850 crore and is expected to generate 225 new employment opportunities in the state. The project is set to commence operations this month. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Duong 9b: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo "Uttar Pradesh continues to lead the way in sustainable industrial growth . This landmark investment by Balrampur Chini Mills not only strengthens our commitment to green technology but also reinforces our position as India's preferred investment destination," Chief Secretary Singh said. The MoU was signed in Mumbai on Tuesday, between CEO, Invest UP Anand Vijay Kiran Anand, Balrampur Chini Mills Ltd Executive Director Avantika Saraogi in the presence of state Chief Secretary Manoj Kumar Singh. Live Events Vivek Saraogi, Chairman and Managing Director of Balrampur Chini Mills Ltd, expressed confidence in the collaborative efforts with the state government, stating, "We aim to drive innovation in bioplastics and contribute to a greener future." Vijay Kiran Anand emphasized that this project aligns with Chief Minister Yogi Adityanath's vision to position Uttar Pradesh as a preferred investment destination and achieve a one-trillion-dollar economy through sustainable industrial development.
Business Standard
23-04-2025
- Business
- Business Standard
Balrampur Chini crushes 99.16 lac MT sugarcane in SS 2024-25
Balrampur Chini Mills said that the sugarcane crushed for the sugar season (SS) 2024-25 aggrgated to 99.16 lac MT, which is lower by 1.73% as compared with 100.91 lac MT of sugarcane that was crushed in SS 2023-24. Net sugar produced amounted to 9.24 lac MT, down _ % YoY. The impact on sugar recovery for diversion of cane towards ethanol was 1.96%. accordingly, 1.94 lac MT of sugar sacrificed due to diversion of cane. Balrampur Chini Mills is one of the largest integrated sugar manufacturers in India. The companys operations are forward integrated, into manufacturing ethanol, using molasses (a by-product of sugar), and power, using cogeneration from bagasse. The scrip fell 2.24% to currently trade at Rs 578.65 on the BSE.
