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Funding and debt▲ Bullish for Balrampur Chini Mills
Balrampur Chini receives ₹75 crore grant for PLA research facility
The brief
- The government awarded a ₹75 crore BioE3 grant for a 100 TPA PLA co-polymer R&D facility
- Balrampur Chini shares rallied 4% after the grant announcement
- The grant supports Balrampur Chini’s bioplastics research facility and may aid its diversification efforts
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| BALRAMCHIN | Fri, 25 Sept | +4.0% | +3.7% | 1.1× | +4.0% · Nifty +0.3% |
✓ Classifier read this as positive; BALRAMCHIN rose 3.7% against the Nifty on the day it traded.
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Balrampur Chini’s biopolymer R&D grant
Balrampur Chini Mills received ₹75 crore in government BioE3 grant assistance for a pilot-scale biopolymer R&D facility. The facility is planned at Kumbhi for 100 TPA of PLA co-polymer research and development.
Friday, 25 September
- Balrampur Chini receives ₹75 crore grant for PLA research facility