Net sugar produced amounted to 9.24 lac MT, down 12.5% YoY.
The impact on sugar recovery for diversion of cane towards ethanol was 1.96%. accordingly, 1.94 lac MT of sugar sacrificed due to diversion of cane.
Balrampur Chini Mills is one of the largest integrated sugar manufacturers in India. The company’s operations are forward integrated, into manufacturing ethanol, using molasses (a by-product of sugar), and power, using cogeneration from bagasse.
The scrip fell 2.24% to currently trade at Rs 578.65 on the BSE.