Balrampur Chini Mills Ltd

Balrampur Chini Mills: Sugar & Ethanol Insights, PLA Expansion Plans 🏭📊

- India’s sugar production for 2025-26 expected at ~35M tonnes (+18% YoY), with Maharashtra up 42%.

- Balrampur Chini reports 65% drop in sugar production due to 66% decline in sugarcane crushing.

- Focus on cane availability via development initiatives & varietal rebalancing.

- PLA plant (Rs. 2,850cr total capex) commissioning targeted for Q3 FY27 (Oct 2026), 50% utilization expected in Year 1.

- Ethanol blending in India at ~19%, discussions ongoing to raise to 20-25%.

- UP sugarcane area slightly declining, but yields may improve due to weather & crop management.

- Grain ethanol volumes hit quarterly high (mostly maize), profitability tied to procurement & DDGS prices.

- Long-term debt for PLA project: Rs. 460cr, repayments start Q3 FY29.