Balrampur Chini sees ₹25 crore extra income from C-heavy molasses price increase

In addition to the incentive, the price of ethanol derived from C-heavy molasses has been raised to a little over ₹56 per litre, up from around ₹49. This adjustment reflects the market's recognition of the value and potential of ethanol produced from C-heavy molasses.

Patwari shed light on the ongoing considerations by the government of India regarding the prices for B-heavy and juice. He expressed hope that an announcement on these fronts would be made shortly.

The CFO emphasised that the company is eagerly awaiting the government's decision, as it plays a crucial role in shaping the industry landscape.

"As far as the prices for B-heavy and cane juices are concerned, that is still under the consideration of the government of India, and we are hoping that shortly that will also be announced," Patwari remarked.

He also added, “For this year, there is no expectation of a very high price increase. But a year ago, we represented to the Government of India through our association that to make juice-based ethanol prices lucrative, it has to be about ₹70, but we are not expecting any sort of that price as far as this year is concerned.”

The market cap of Balrampur Chini Mills is ₹8,283 crore and competes with industry rivals such as Dalmia Bharat Sugar, Shree Renuka Sugars and EID Parry.