Balrampur Chini shares are set to be in focus on Wednesday’s (May 28) session on Dalal Street.
On Tuesday, the company signed an agreement with the Government of Uttar Pradesh to establish a 250 TPD polylactic acid (PLA) plant at its Kumbhi Chini Mills unit in Lakhimpur Kheri.
According to the company, it has signed a memorandum of understanding (MoU) with the state government for an investment of Rs 2,850 crore.
“Uttar Pradesh continues to lead in sustainable industrial development. This significant investment not only promotes green technology but also reinforces the state’s appeal as a prime investment destination,” said Chief Secretary Manoj Kumar Singh.
The MoU was signed in Mumbai on Tuesday by Anand Vijay Kiran Anand, CEO of Invest UP, and Avantika Saraogi, Executive Director of Balrampur Chini Mills Ltd, in the presence of Chief Secretary Singh.
Vivek Saraogi, Chairman & MD of Balrampur Chini Mills stated that the company is committed to driving innovation in bioplastics and contributing to a sustainable future.
Anand also highlighted that the initiative is aligned with Chief Minister Yogi Adityanath’s vision of making Uttar Pradesh a leading investment hub and advancing toward a one-trillion-dollar economy through sustainable industrial growth.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
