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Balrampur Chini Mills raises Rs 140 crore via NCDs

28 Feb 2023 Evaluate

Balrampur Chini Mills has raised Rs 140 crore through the allotment of 14,000 Senior, Unlisted, Secured, Rated, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1 lakh each, on a private placement basis, to HDFC Bank. The Executive Committee of the Board at its meeting held on February 27, 2023, has approved the allotment of the same.

Balrampur Chini Mills is one of the largest integrated sugar manufacturers in India. Its business portfolio consists of manufacturing and marketing of sugar, ethyl alcohol, ethanol, generation and selling of power and also manufacturing and marketing of organic manure.

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