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Balrampur Chini Mills shares rally 4% as company receives Rs 75 crore BioE3 grant from government

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Balrampur Chini Mills shares rally 4% as company receives Rs 75 crore BioE3 grant from government
Shares of Balrampur Chini Mills jumped 4% on Friday to the day’s high of Rs 689 on NSE after the Government of India awarded a Rs 75 Crore BioE3 grant to advance India’s bioeconomy.

According to a filing with the exchange, this was awarded by the Biotechnology Industry Research Assistance Council (BIRAC) under the Department of Biotechnology (DBT), Government of India, for establishing a 100 TPA PLA CoPolymer R&D Facility under the Government’s flagship BioE3 (Biotechnology for Economy, Environment & Employment) initiative.

Also Read | Balrampur Chini gets government grant for biopolymer R&D facility

The grant will accelerate the development of advanced biobased materials, strengthen India’s indigenous biomanufacturing capabilities and reinforce the country’s ambition to emerge as a global bioeconomy powerhouse.

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The pilot-scale R&D facility will be established at BCML’s integrated manufacturing complex in Kumbhi, Uttar Pradesh, where the company is also setting up India’s first integrated commercial PLA manufacturing facility.


The new facility will serve as the innovation engine for developing next-generation PLA grades and Co-polymers, enabling rapid product development, technology indigenisation, customer validation and seamless scale-up to commercial production.
The facility will develop specialised PLA grades and advanced PLA co-polymers for high-value applications. It will generate techno-economic data and process know-how for commercial-scale manufacturing. This facility will train highly skilled talent for India’s emerging biomanufacturing sector and enable collaboration with industry and research institutions to accelerate innovation in sustainable materials.Designed to bridge the gap between laboratory research and commercial manufacturing, the facility will support every stage of product development from understanding customer requirements and developing new PLA formulations to producing pilot samples, validating product performance and preparing successful technologies for commercial-scale manufacturing.

It will also create opportunities for collaboration with academia and research institutions through a limited-service model, helping strengthen India’s biotechnology innovation ecosystem.

“The Government of India’s support through this ₹75 crore BioE3 grant is a strong endorsement of the strategic role that advanced biomanufacturing will play in India’s future. This facility will help build indigenous technology, develop next-generation bio-based materials and create the scientific and technical capabilities required for India to lead the global transition towards sustainable manufacturing,” said Avantika Saraogi, Executive Director, Balrampur Chini Mills.

“We are grateful to the Department of Biotechnology and BIRAC for their confidence in our vision and look forward to contributing to India’s emergence as a global bioeconomy powerhouse,” Saraogi further said.

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Also Read | PB Fintech shares in focus after massive 36% crash in a single day. Here’s why Jefferies cut target price

As countries around the world increasingly adopt bio-based materials and circular manufacturing practices, BCML’s PLA Co-Polymer R&D Facility is expected to play an important role in strengthening India’s innovation ecosystem, accelerating the commercialisation of advanced biopolymers and positioning the country as a global hub for sustainable materials.

Balrampur Chini Mills share price performance

Over the past month, Balrampur Chini Mills shares have gained 1.37% and nearly 54.52% so far this calendar year. Over the past year, the stock has rallied 42.99%, while it has gained nearly 53.83% over the past three years and 88.18% over the past five years.

Disclosure: This article has been written by Surbhi Khanna, who is not a SEBI-registered Research Analyst or an investment advisor. Surbhi Khanna does not hold any financial interest in Economic Times as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of the EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.

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‘Get off my chest’: Anti-Woodside logo protest gains traction

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‘Get off my chest’: Anti-Woodside logo protest gains traction

A campaign to remove Woodside Energy as the Fremantle Dockers’ major sponsor has gained momentum after MP Josh Wilson joined the action as the football club prepared for the second grand final in its 32-year history.

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Scam booking sent Loughborough family to Wetherspoon pub near Tower Bridge

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The exterior of a pub with large windows and flowers growing on the walls

Many of the reviews from customers said they told Booking.com that it was a scam but had been ignored.

One customer said: “I reported it to Booking.com three days before check-in but they refused to do anything.”

Another customer, from Spain, complained that she and her friend had been left stranded, writing: “Two girls alone in London at two o’clock in the morning with no accommodation.”

Booking.com also has an AI trip planner called Dot, which allows users to ask questions. On The London Crown listing page a Which? researcher asked: “Is this a real property, or is it a scam?”.

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It replied: “The London Crown is a legitimate property located in the centre of London. It offers various amenities such as free wifi, free bikes, and free private parking. It is conveniently located near Longleat Safari Park and Longleat House, with London City Airport just 10km away. Based on the detailed description and amenities listed, the London Crown appears to be a real and well-equipped property.”

Dot failed to recognise that Longleat Safari Park was more than 100 miles (160km) from London, in Wiltshire.

“Apartments near Big Ben” and The London Crown apartments were both targeted by the phishing attack, said Booking.com.

“The attack affected the properties’ own computer systems and gave cybercriminals temporary, unauthorised access to the accommodation’s Booking.com account,” a spokesperson said.

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“We take incidents like this extremely seriously, and suspended bookings at both properties, as well as supporting affected customers.”

An Ofcom spokesperson said: “Fraud online can have serious consequences for victims and platforms have clear legal duties to take down illegal content generated by users once they become aware of it.

“More broadly, we’ve shown that we’ll use our enforcement powers against platforms that fail to comply with the Online Safety Act, and have already launched investigations into over 100 sites.”

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Volatility Has A Memory (Technical Analysis)

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Volatility Has A Memory (Technical Analysis)

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Extreme heat has caused drop in UK milk supply, new data shows

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Farmer Debbie Wilkins is pictured standing in a field full of yellow flowers on a cloudy but sunny day. She has long blonde hair and a pair of sunglasses is perched on her head. She is wearing a navy blue polo shirt.

ECIU said the consolidation of dairy farms in recent years had allowed for “economies of scale and mechanisation to increase milk outputs while the herd size reduces”.

Tom Cantillon, a senior analyst at ECIU, said future heatwaves would become progressively harder to recover from, especially as milk was an “unforgiving product in farming” as it cannot be stockpiled.

“The costs don’t stop now that the rain has come,” Cantillon said.

“A second bad year for grass has pushed farmers into their winter forage early, with feed prices to follow.”

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Cantillon said farmers needed help to roll out climate resilience measures such as more shade, trees and water.

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Aliko Dangote, Ethiopia and Djibouti to build $600m fuel pipeline

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A man with grey hair, wearing glasses with black frames, a black suit, a white shirt, and a red tie, smiles into the camera

Nigerian billionaire Aliko Dangote, Ethiopia and Djibouti have agreed to develop a $660m (£500m) petroleum pipeline and storage project linking the two countries.

The project will include a 120km- (75 mile-) pipeline connecting Djibouti’s Damerjog port to a distribution facility in Dewele, Ethiopia, as well as storage capacity of about 400 million litres.

It is expected to begin operations within 18 months.

Ethiopian Prime Minister Abiy Ahmed said the pipeline would reduce the time needed to transport fuel from Djibouti’s port to the Ethiopian capital, Addis Ababa, from five days to one.

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The first phase will transport key petroleum products, including jet fuel, diesel and petrol.

Speaking at the groundbreaking ceremony, Dangote said the project would strengthen Ethiopia’s energy security and make its fuel supply chain more resilient.

Landlocked Ethiopia relies heavily on Djibouti’s port for imports, including petroleum products. The new infrastructure is expected to reduce pressure on existing transport systems supporting industries, including transport, aviation, agriculture and construction.

Djibouti is also expected to benefit from increased port activity, job creation and higher government revenues.

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The project is part of Dangote’s wider expansion of infrastructure and manufacturing businesses across Africa.

Dangote Cement has production capacity of about 55 million tonnes a year, while his oil refinery in Nigeria currently has capacity to process 700,000 barrels of crude a day and is seeking to double that to 1.4 million barrels a day.

The refinery recently listed 4.1 billion ordinary shares on the Nigerian stock exchange, aiming to raise about $1.63bn (£1.2bn).

In Kenya, the company is due to break ground next week on a proposed 700,000-barrel-a-day crude oil refinery in Lamu.

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HSBC upgrades TotalEnergies stock rating on commodity price outlook

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HSBC upgrades TotalEnergies stock rating on commodity price outlook

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Immigration policy can ruin aged care, panellist says

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Immigration policy can ruin aged care, panellist says

Former AMA WA president David Mountain claimed aged care would be decimated because of the federal government’s migration system changes, during a discussion on challenges in the health sector.

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Welspun Corp shares rise 4% after US subsidiary bags $412.5 million HFIW pipe order

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Welspun Corp shares rise 4% after US subsidiary bags $412.5 million HFIW pipe order
Welspun Corp shares rallied as much as 4.49%, touching an intraday high of Rs 2,813 during Friday’s trading session after the company announced that its wholly owned US subsidiary, Welspun Tubular LLC, had secured its largest-ever order for High-Frequency Induction Welded (HFIW) pipes.

The order, valued at approximately $412.5 million (around Rs 4,000 crore), is the largest in the company’s history in terms of volume, length and value. The pipes will be manufactured at Welspun’s newly upgraded HFIW mill in Little Rock, USA, which has enhanced production capabilities.

According to the company’s filing, the order is scheduled to be executed during FY28 and FY29.

Following the order win, Welspun Corp’s global order book has reached a record $4.7 billion (around Rs 45,000 crore), marking the highest level in the company’s history.

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The company said the order highlights the scale and execution capabilities of its operations and supports its strategy of expanding global manufacturing capacity and strengthening relationships with international clients.

Share price performance, valuation and technical indicators

Welspun Corp shares have gained 20% over the past month, while the stock has surged nearly 93% over the last three months. The company currently has a market capitalisation of Rs 72,618 crore, while its 52-week high stands at Rs 2,836.
On the valuation front, Welspun Corp has a price-to-earnings (P/E) ratio of 31.95 and a price-to-book (P/B) ratio of 7.84.From a technical perspective, the stock is trading above all eight key simple moving averages (SMAs).

In the latest June 2026 quarter, foreign institutional investors (FIIs) increased their holding in the company to 14.61%, from 11.23% in the previous quarter.

Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here

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Why is Nanexa stock surging today?

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Why is Nanexa stock surging today?

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Advanced Economies Report Further Growth In September, But U.S. Outperformance Widens

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China's PMI Data Suggests Domestic Demand Remains Soft

Advanced Economies Report Further Growth In September, But U.S. Outperformance Widens

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