Balrampur Chini Mills Limited approved the establishment of a Lactogypsum Processing Plant at Kumbhi, Uttar Pradesh, at an estimated project cost of up to INR 1,600 million. The proposed plant, with an installed capacity of approximately 7.6 million gypsum boards per annum, is intended to process Lactogypsum generated as a by-product from the Company?s PLA manufacturing operations. The project is aimed at value addition and improved monetisation of the by-product stream.
The Board also approved utilisation of a portion of the net proceeds from the Preferential Issue, amounting to up to INR 1,600 million, towards funding of the said project.
