Balrampur Chini Mills' ₹3,100 Crore Bioplastics Plant In Uttar Pradesh To Begin Production In Q4 FY27

New Delhi, November 9: The Rs 3,100-crore bioplastics plant in Uttar Pradesh by sugar firm Balrampur Chini Mills Ltd is set to commence commercial production in the fourth quarter of the current fiscal year, according to a top company official. The company, headquartered in Kolkata, has ten sugar factories in Uttar Pradesh and is constructing an 80,000 tonnes per annum capacity Poly Lactic Acid (PLA) plant for Rs 3,080 crore.

CMD Vivek Saraogi stated that the project is progressing as per the execution plans and is expected to start commercial operations in Q4FY27. The company has already invested around Rs 2,400 crore till October 15, 2026, with the remaining funding coming from a mix of equity, debt, and internal accruals. At full capacity, the plant is anticipated to generate an annual revenue of Rs 2,000 crore.

Balrampur Chini Mills reported a total revenue of approximately Rs 6,300 crore during the 2025-26 financial year. The company is also eligible to receive incentives under the Bio Plastic Industrial Policy introduced by the Uttar Pradesh government in October 2024. PLA bioplastics are derived from renewable plant resources like sugarcane, corn starch, and tapioca roots, and their production involves fermentation and polymerisation, leaving no toxic residues.