New upcoming 320 KLD Molasses based Distillery
Balrampur Chini Mills announced on Wednesday that its board of directors has approved the setting up of a new distillery unit by adding a capacity of 320-kilo litres per day (KLPD) at the Maizapur unit.
With this capacity addition, its total capacity would surge to 840 KLPD. The total Capex for the same is estimated to Rs 320 crore for which, Rs 220 crore would be borrowed from banks and the remaining Rs 100 will be arranged via internal sources.
Meanwhile, the company has declared its results for the quarter ended September 30, 2020. Its consolidated revenue for the quarter Q2FY21 came in at Rs 1,289.8 crore as against Rs 856.98 crore in the corresponding quarter last year, registering a 50.5 per cent YoY increase. On the segmental front, revenue from sugar, co-generation, and distillery increased by 41.7 per cent, 23.1 per cent, and 96.3 per cent, respectively on a YoY basis.