Latest news with #BalrampurChiniMillsLtd
News18
4 days ago
- Business
- News18
Balrampur Chini Mills Q1 net profit down 26.48 pc
New Delhi, Aug 13 (PTI) Balrampur Chini Mills Ltd has posted a 26.48 per cent drop in its consolidated net profit to Rs 51.57 crore for the first quarter of the 2025-26 fiscal on higher expenses. The company had reported a net profit of Rs 70.15 crore in the year-ago period, according to the latest regulatory filing. Total revenue rose by 8.48 per cent to Rs 1,542.27 crore for the April-June quarter of 2025-26 from Rs 1,421.59 crore in the year-ago quarter. However, the company's expenses remained higher at Rs 1,485.39 crore as against Rs 1,334.09 crore in the said period. The Kolkata-headquartered company is engaged in the manufacturing of sugar, bio-ethanol, renewable energy and biopolymer. PTI LUX LUX DR DR view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
08-07-2025
- Business
- Mint
Shares to buy or sell: Sachin Gupta of 5paisa recommends Balrampur Chini, Metropolis Healthcare shares today
Stock market today: Indian stock markets opened with some pressure on Tuesday as worries regarding US President Donald Trump's new tariff measures came to the forefront. However, investors seemed to adopt a cautious "wait and watch" stance, looking for more clarity on the situation. Currently, the domestic benchmark indices are trading flat. The Nifty 50 index started at 25,427.85, down 33.45 points or 0.13%, while the Sensex experienced a slight dip, opening at 83,387.03, down by 55.47 points or 0.07%. Experts noted that the market's reaction was mild and not panicked, unlike the period from April 2nd to April 9th. In the last 90 days, the markets have shown increased resilience, moving past the uncertainties surrounding Trump's policies to focus on his actions. On the technical front, Sachin Gupta of 5paisa believes Nifty 50's near term support and resistance to be at 25,180/25,000 and 25,600/25,740. Gupta recommends two stocks to buy in the near-term. Here's what he says about the overall market. The Nifty 50 index ended the session nearly flat to close at 25,461.3, as the market struggled to find direction. The overall market sentiment remained subdued, with 28 constituents declining and 22 advancing, indicating a cautious tone among investors. Most of the other indices ended in red. Midcap and Smallcap indices were marginally down. Sectorally too, apart from FMCG and Oil & Gas, others witnessed weak performance. Technically, Nifty 50 started the week on an uncertain note as investors searched for a fresh set of triggers. 20D EMA continues to offer support and RSI is supportive of bullish momentum. Near term support and resistance are at 25,180/25,000 and 25,600/25,740. On shares to buy on Tuesday, Sachin Gupta recommends two stocks on Tuesday — Balrampur Chini Mills Ltd, and Metropolis Healthcare Ltd. On the daily scale, the stock is displaying a strong bullish setup, having recently confirmed an Inverse Head & Shoulders pattern breakout, which is a classic reversal signal indicating potential upside. Following the breakout, the stock is consolidating around the neckline, suggesting strength and a healthy base formation before the next leg higher. Additionally, the stock is trading above its 21-day EMA, reflecting short-term momentum in favour of the bulls. A positive crossover in the MACD further reinforces the bullish bias, while rising volume during the breakout and consolidation phase adds credibility to the uptrend, signaling increasing investor interest and potential for continued upward movement. Hence, traders are advised to hold their existing positions, with short-term support placed at 570 levels and immediate resistance seen near 630 levels. A decisive move above this resistance could open the door for further gains. On the daily timeframe, the stock has given a consolidation breakout, accompanied by a positive moving average crossover between the 50-day and 100-day EMAs, signaling a strengthening trend. This breakout is supported by a surge in volume and bullish price action, confirming strong buying interest. Additionally, a positive crossover in the RSI further reinforces the bullish momentum. On the weekly chart, the stock has managed to move above the 50% Fibonacci retracement level, indicating a recovery of prior losses and the potential for a sustained uptrend. These combined signals suggest strong upside potential in the near term. Traders are advised to maintain their holding positions and also consider fresh buying around 1,820, with upside targets of 1,945 and 2,040, while maintaining a strict stop loss at 1,700 on a closing basis. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
The Hindu
27-05-2025
- Business
- The Hindu
Balrampur Chini unveils eco-friendly input for making single-use products
With single-use plastic products facing regulatory curbs, those made of an eco-friendly material viz. Poly Lactic Acid (PLA), produced from sugarcane, is finding acceptance as an alternative across the world. With a bit of policy support in India, PLA can replace polyethylene, the raw material for single use plastic. Balrampur Chini Mills Ltd. (BCML), one of India's biggest sugar manufacturers has taken the lead to tap this opportunity and is popularising PLA under the brandBalrampur Bioyug which will be supplied to small-scale units to make eco-friendly single-use products. The brand was formally unveiled by Maharashtra Chief Minister Devendra Fadnavis in Mumbai. BCML is currently setting up a PLA plant with an investment of ₹2,850 crore at its existing sugar factory in Kumbhi, Uttar Pradesh. This plant would be India's first industrial-scale biopolymer plant and powered by 100% renewable energy for its entire production process. This will be the first plant location where sugarcane will be transformed into PLA in a single, integrated site, as per the company. To popularise the products among producers and consumers, the company has rolled out a fully equipped bus called Bioyog on Wheels that will go around the country to demonstrate the production of eco-friendly products on the spot and carry the message of circular economy and sustainable living. Vivek Saraogi, Chairman & Managing Director, BCML said, 'Our PLA venture is well- aligned with the sustainability goals ...to combat climate change. India has got its first BioE3 policy which boasts of a fantastic forward-looking framework driving sustainability through bioenergy, bioeconomy, and green innovation. 'Additionally with the roll-out of the Uttar Pradesh Government's first-ever Bioplastic Policy, we felt empowered to confidently enter this dynamic sector, aligning growth with national environmental goals,' he said. Avantika Saraogi, Executive Director, BCML said, 'Today, we didn't just unveil a brand — we launched a transformative movement. Bioyug marks a pivotal step in India's transition to a bio-based, low-carbon economy.' 'With its strong agro-industrial base, Maharashtra can emerge as the nation's leading bioplastic market. I humbly urge all stakeholders to support MSMEs through policy incentives, regulatory support, and awareness-building. Together, we can shift from fossil-based pollution to plant-based progress,' she said. Stefan Barot, President – Chemicals Division, BCML said, 'With an annual capacity of 80,000 tonnes, Balrampur Bioyug will produce 100% bio-based, industrially compostable PLA—offering a credible and scalable solution to the global plastic crisis.' 'As a versatile polymer derived from renewable resources, PLA has the mechanical strength and durability needed for a wide range of uses while being far more sustainable,' he said. 'It is ideally suited to replace banned single-use plastic items such as straws, disposable cutlery, trays, bottles, and curd cups—without compromising on performance or safety,' he added.
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.
