Balrampur Chini expects profit boost from higher cane availability
Balrampur Chini Mills is hopeful that better cane quality will mean better recoveries, more cane crushing, and improved realisations.
Balrampur Chini Mills is anticipating a 10% increase in cane availability, building on the previous year's 15% rise. This expected growth is set to boost the company's turnover and profits through enhanced asset utilisation.
Avantika Saraogi, the Promoter and Business Lead for New Initiatives at Balrampur Chini Mills told CNBC-TV18 that the company has dedicated the past four years to diligently working on the cane. Since the cane is healthy and disease-free, it is expected to result in better recoveries, and therefore, improved crushing and realisations.
She expects the country's sugar production to reach 30 million tonnes, closely aligned with the demand of approximately 28 million tonnes.
With an increase in cane quantity, Saraogi anticipates a significant uptick in ethanol production as well. She explained, “With the increase in cane quantity, we expect to get 50% more production of ethanol this year."
This Kolkata-based company has a market cap of ₹9,450 crore and it competes with industry rivals such as Shree Renuka Sugars, Dalmia Bharat Sugar and Dhampur Sugar Mills.
(Edited by : Shweta Mungre)
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