BALRAMCHIN.NSE

Balrampur Chini Mills Ltd.

This procurement, including garbage bags and pens, underscores the growing acceptance of bio-based materials in India. The order reinforces LCB's commitment to sustainability and aligns defense institutions with national climate goals.

New Delhi: Leading sugar company Balrampur Chini Mills Ltd has bagged first institutional order from Lucknow Cantonment Board to supply green bioplastic products, including compostable garbage bags.Kolkata-headquartered Balrampur Chini has diversified into bio-plastic business and is setting up a PLA (Poly Lactic Acid) manufacturing plant at Kumbhi in UP with a total annual capacity of 80,000 tonnes.In a regulatory filing on Monday, the company said its PLA vertical, Balrampur Bioyug, has secured its first official institutional order from the Lucknow Cantonment Board.The order includes compostable garbage bags (in two sizes), 300 ml PLA bottles, 3D-printed PLA compostable pens, and PLA folders -- all manufactured from renewable, bio-based PLA, a 100 per cent compostable material with a low carbon footprint that leaves no microplastics behind.Lucknow Cantonment, spread across 6,760 acres, is administered by the Lucknow Cantonment Board, a statutory body functioning under the administrative control of the Director General of Defence Estates, Ministry of Defence, Government of India.

India’s equity benchmarks are poised to open higher on Monday, with the outlook remaining positive on improving earnings, while fading hopes of an imminent US interest rate cut weighed on global sentiment. The Gift Nifty futures were trading at 26,008 points, as of 7:40 a.m. IST, indicating that the Nifty 50 could open above Friday’s close of 25,910.05. Both Nifty and Sensex rose about 1.6% last week, as improving corporate earnings and a key state election result aided the buying interest. The gains were led by IT and pharmaceutical stocks, as the U.S. government’s reopening lifted hopes for economic clarity. “Sentiment remains strong for the Nifty 50 with the potential to move towards 26,200/26,350 levels in the short term,” said Rupak De, a senior technical analyst at LKP Securities. The Nifty 50 is currently trading 1.4% below the all-time high level of 26,277.37, touched in September 2024. “Though the Nifty has found resistance around 26,000, the magnitude of last week’s recovery signals the likelihood of an immediate upside move.” Asian markets were mixed, after Japan’s economy contracted for the first time in six quarters due to the U.S. tariff hit.

MUMBAI: India allowed sugar exports of 1.5 million metric tons in the new season, the government said in a notification on Friday, as a decline in the diversion of sugar for ethanol production is expected to leave a larger domestic surplus. Higher exports from the world’s second-largest sugar producer could pressure benchmark New York and London futures which are hovering near five-year lows. Exports will help reduce sugar stocks in the country and support local prices, benefiting producers such as Balrampur Chini Mills, EID Parry, Dalmia Bharat and Shree Renuka Sugars. A 1.5 million ton export quota has been shared among operating sugar mills on a pro-rata basis, based on their average sugar production over the last three seasons, the government said in the notification. All grades of sugar are permitted for export. India was the world’s second-largest sugar exporter in the five years to 2022/23, with shipments averaging 6.8 million tons annually. But a drought led the government to ban sugar exports in 2023/24, and it allowed only 1 million tons to be shipped overseas last year.