Balrampur Chini Mills has sent a letter not to commence operations/suspension of operations of all its sugar units to the Cane Commissioner, Govt of U.P. and other concerned authorities, the reasons for The State Government has been fixing unreasonable, unaffordable and illogical State Advised Price (SAP) for sugarcane under the U.P. Sugarcane (Regulation of Supply and Purchase) Act, 1953, without giving due consideration to the paying capacity of the sugar mills towards sugarcane price and without considering the expected return that a sugar unit is entitled to earn for its stakeholders.
The Government of U.P. has directed the Sugar Units of the Company to start crushing operations without announcing the State Advised Cane Price (SAP) for the season 2013-14.
Balrampur Chini 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.
