Balrampur Chini Mills' PLA Unit Secures Order From Lucknow Cantonment Board

MT Newswires Live

Feb 23

Balrampur Chini Mills (NSE:BALRAMCHIN, BOM:500038) said its poly lactic acid (PLA) vertical, Balrampur Bioyug, has received an institutional order from the Lucknow Cantonment Board, according to an Indian exchange filing on Monday.

The order covers compostable garbage bags in two sizes, 300 ml PLA bottles, 3D-printed PLA pens and PLA folders, the filing said.

The company said it is also setting up an industrial-scale PLA manufacturing unit in Uttar Pradesh, India, which is scheduled to be commissioned in October.

Shares of the company rose over 1% in recent trade.

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