BALRAMPUR CHINI MILLS

Balrampur Chini Mills Limited (BCML) was incorporated in the year 14th July 1975. It is one of the second- largest integrated sugars manufacturing company in India. The principal activity of the Company is manufacturing and sale of sugar. Besides these the allied business activities undertaken by the company primarily consists of manufacturing and marketing of Ethyl Alcohol & Ethanol generation and selling of power and manufacturing of agricultural fertilizers. The company has 8 plants in Eastern U.P. and 2 in Central U.P. totalling to 10 sugar factories and having an aggregate crushing capacity of 76500 tons of cane per day (TCD). Balrampur Agro Industries (P) Limited and Vivek Agro Industries (P) Limited became subsidiaries of the Company in the year 1980. Vivek Ganna Pvt Ltd. Ganna Agro Pvt. Ltd. Maharajaganj Agro Industries Pvt. Ltd. and Stuti Agro Pvt. Ltd. became subsidiaries of the Company during the year 1986. In the year 1990 the company acquired the Babhnan Sugar Mills Limited with a capacity of 1000 TCD. Later on, the Babhnan Sugar Mills Ltd was merged with BCML with effect from 1 April 1994. During the year 1995 BCML had diversified into distillery operations at the Balrampur unit through the commissioning of a 60-klpd distillery. In April 1998 BCML acquired a controlling stake in Tulsipur Sugar Co. Ltd. (TSC) a profit-making sugar company located near Balrampur in Eastern Uttar Pradesh with an installed capacity of 2500 TCD. TSC was merged with BCML with effect from 1st April of the year 1999. The crushing capacity of Tulsipur Sugar was subsequently expanded to 7000 TCD. In March 2003 BCML commissioned a bagasse-based co-generation power plant with a capacity of 19.55 MW at Balrampur and the said capacity has been increased to 24.55 MW. In the same year BCML had set up an integrated Greenfield sugar complex at Haidergarh in East Uttar Pradesh with a sugarcane crushing capacity of 4000 TCD and co-generation capacity of 20.25 MW. Again, the company had set up another one-distillery operation at the Babhnan unit in the year 2004 with a capacity of 60 klpd. The Company discontinued the country liquor business with effect from March of the year 2005. A Greenfield sugar project having a capacity of 7000 TCD was set up which was commissioned in November of the year 2005 at Akbarpur Dist Ambedkar Nagar U.P. A bagasse-based co-generation power plant with a capacity of 18 MW was also installed at Akbarpur. The crushing capacity was subsequently expanded to 7500 TCD. BCML acquired an integrated sugar unit having a sugar plant of 7500 TCD and co-generation power plant of 12MW situated at Rauzagaon District Barabanki U.P. from Dhampur Sugar Mills Ltd. in March 2006 in an all-cash deal of Rs. 182 crores. Balrampur Chini Mills' Board Approves Rs. 215 Cr buyback from the open market. The buyback plan of up to 52,50,000 equity shares, or 2.5% equity of the company represents 8.68% and 8.56% of the aggregate of the total paid-up equity capital and free reserves of the Company based on the audited standalone and consolidated financial statements of the Company, respectively, for last financial year ended on 31st March, 2021