Balmer Lawrie & Company has received an approval for setting up a 200 KLPD 1st Generation Grain Based Ethanol Plant in Andhra Pradesh. The proposed investment on the project will be around Rs 339 crore which will be funded by mix of internal accruals and debt. The Board of Directors of the Company at its meeting held on February 8, 2024 has approved the same.
The company proposes to set up a 200 KLPD 1st generation Grain based Ethanol Plant in Andhra Pradesh to be a part of the program of ethanol blending in petrol and to supply fuel grade ethanol to Oil Marketing Companies to support the E20 EBP Program of Government of India.
The Project shall enable Balmer Lawrie to enter the rapidly growing Bio-fuels sector and be part of one of the key strategic initiatives of Government of India. The project offers lucrative rates of return and shall also enable the company to achieve sustained growth in turnover and profit.
Balmer Lawrie & Company is a Government of India Enterprise engaged in diversified business with presence in both manufacturing and service businesses. The company is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India.
Company Name | CMP |
---|---|
Grasim Industries | 2338.00 |
DCM Shriram | 945.00 |
Birla Corporation | 1456.80 |
Surya Roshni | 604.60 |
Century Textile &Ind | 1996.40 |
View more.. |