ADVERTISEMENT

Balrampur Chini Mills FY22 Annual Report Analysis - Ethanol Power Play: Dolat Capital

Balrampur Chini Mills FY22 Annual Report Analysis - Ethanol Power Play: Dolat Capital

<div class="paragraphs"><p>Close view of free falling sugar. (Source: freepik)</p></div>
Close view of free falling sugar. (Source: freepik)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Balrampur Chini Mills Ltd.’s FY22 annual report speaks vividly on its focus towards Ethanol and how Ethanol would be the key growth driver for the company in coming years.

The company is currently undergoing capex to enhance its aggregate distillery capacity from 560 kilo litres pe day as on March 31, 2022 to 1,050 KLPD by November 2022, which will make the company the largest Ethanol manufacturer in Uttar Pradesh and amongst the biggest in the country.

Post expansion the company shall be able to manufacture ~350 million litres of ethanol at peak levels. With the government advancing its 20% ethanol blending target to 2025, Balrampur Chini is positioned strongly to service the incremental demand expected to flow in from the oil marketing companies.

Balrampur Chini’s capacity is expected to be around 7% of pan -India requirement at 10% blending and ~4% at 20% blending requirement for India.

Click on the attachment to read the full report:

Ddlat Capital Balrampur Chini Annual Report Anlaysis.pdf

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.