Balrampur Chini utilises CP proceeds for working capital requirements
The sugar major said that the proceeds from the issue of commercial papers (CP) are being utilised for the working capital requirements.
On a consolidated basis, Balrampur Chini Mills' net profit slipped 2.5% to Rs 235.50 crore on 41.4% decline in net sales to Rs 1,019.36 crore in Q4 March 2021 over Q4 March 2020.
Balrampur Chini Mills is one of the largest integrated sugar companies in India. The allied businesses of the company comprise distillery operations and cogeneration of power. The company presently has ten sugar factories located in Uttar Pradesh (India) having an aggregate sugarcane crushing capacity of 76,500 TCD, distillery and co-generation operations of 520 KLPD and 168.7 MW (saleable) respectively.