Company History - Balrampur Chini Mills
1975 - The Company was incorporated on 14th July at Calcutta.
1977 - 1,00,000 equity shares issued to the public.
- The Company ceased to be a subsidiary of the Balrampur Sugar
1980 - Blarampur Agro Industries (P) Ltd., and Vivek Agro Industries
(P) Ltd., became subsidiaries of the Company.
1983 - A letter of intent was received to increase the crushing
of its factory from 1,600 to 2,500 tonnes of cane per day.
1985 - 1,50,000 bonus equity shares issued in prop. 1:2.
1986 - Most of the items pertaining to the expansion scheme were
installed and commissioned. IDBI sanctioned the balance term
loans, during the year. The modernisation-cum-expansion
for the sugar unit was to be achieved in 2 phases. The first
phase was to cost Rs 413 lakhs of which Rs 320 lakhs was
received as term loans from IDBI and Rs 54 lakhs as loans
Sugar Development Fund Authorities (SDFA). The 2nd phase was
cost Rs 220 lakhs of which Rs 162 lakhs was sanctioned by
- Vivek Ganna Pvt Ltd., Ganna Agro Pvt. Ltd., Maharajaganj Agro
Industries Pvt. Ltd., and Stuti Agro Pvt. Ltd., became
subsidiaries of the Company.
- The Company issued 50,000 - 15% convertible debentures of Rs
each by private placement to UTI.
1988 - During the year (9 Months), the Programme formodernisation
-cum-expansion of crushing capacity from 2,500 TCD to 3,500
was initiated in a phased manner.
1989 - The 1st phase of the programme was expected to be completed.
meet the capital cost of the scheme a term loan of Rs 605
was financed by IDBI, IFCI and ICICI and Rs 72.27 lakhs from
Sugar Development Fund.
- The Company was granted a letter of intent to set up a new
unit of 2,500 TCD at Ramgarh, district Sitapur (U.P.). Land
the said unit was acquired through U.P. State Industrial
Development Corporation Ltd.
- Balrampur Agro Industries, Ltd., Vivek Agro Industries, Ltd.,
Ganna AGro Pvt. Ltd., Maharajgamj Agro Industries Pvt. Ltd.
Stuti Agro Pvt. Ltd. ceased to be subsidiaries of the
1990 - The letter of intent was transferred to a wholly owned
of the Company.
- Balhnan Sugar Mills, Ltd., (BSMSL) formerly known as Seksaria
Sugar Mills, Ltd., became a subsidiary of the Company.
- 4,50,000 Bonus equity shares issued in prop. 1:1.
1991 - UTI used the option to convert 10% of the debentures into
shares of the Company. Accordingly 31,250 equity shares of Rs
each were issued at a premium of Rs 6 per share to UTI.
1992 - A letter of intent was received for increasing the crushing
capacity of Balrampur Sugar factory from 3500 TCD to 5000
- 49,00,000 Bonus shares issued in prop. 1:1, 31,250 shares
Rs 70 per share) allotted to UTI on conversion of debs.
1993 - 5,00,000 equity shares issued (Prem. Rs 516 per share) on
- The Company undertook to set up a industrial alcohol project
60 KLPD capacity in Balrampur.
1994 - During the year, the Company proposed to further increase the
crushing capacity at Balrampur from 5000 TCD to 10,000 TCD
that of Babhnan from 3,500 TCD to 5,500 TCD.
- The industrial alcohol project of 60 KLPD capacity was
- Pursuant to the scheme of amalgamation Babhnan Sugar Mills
(BSML) and amalamated with the Company effective from 1st
Under the said scheme the Company was to issue two equity
of Rs 10 each for every five equity shares of Rs 10 each held
the shareholders of the erstwhile BSML. Accordingly
equity shares were issued to the non-resident shareholders of
- 27,97,500 bonus equity shares issued in the ratio of 6:5.
1995 - The Company's bid to purchase two sugar units from UP State
Corporation Ltd. was under the review of the State
The expansion at Babhnan unit was commissioned and the
at Balrampur was past-commissioned to the extent of 7,000
- Necessary steps were taken to implement the industrial
project and commercial production was expected to commence by
- The Company proposed to issue bonus shares in the ratio of 3:2
the existing shareholders.
- 1,42,320 equity shares allotted to NRIs.
1996 - 11,25,6465 Equity shares allotted as bonus shares in the
2000 - ICRA has assigned an A1+ rating to Commercial Paper programme
the company on an enhanced amount of Rs 75 crores.
- The Company has informed about promotion of
limited, a dot com company.
- The Company has redeemed preference shares worth Rs 20
-Board approves for the buyback of upto 1.897 million equity shares
of Rs.10 each of the company at a price not exceeding Rs.100 per
-Declares interim dividend of Rs.8.5 per share.
-Balrampur Chini Mills diversifies into Indian Made Foreign Liquor
-Company did not buy back its own fully paid up shares of face value
of Rs.10 each.
-Appoints Mr Naresh Chandra as the Additional Director of the
-Mops up $10 million via an ECB from Rabo India Finance and placed
with Raobank International.
-Company's equity shares have been delisted from The Uttar Pradesh
Stock Exchange Association Ltd.
2003-Delisted from The Uttar Pradesh Stock Exchange Association Ltd.
-Balrampur Chini promoters shed 10% stake
-Balrampur Mills mulls acquisition to boost growth
- Balrampur Chini Board recommended a dividend @ Rs 10
-Balrampur signs MoU with IFC Washington for carbon trading
-Balrampur Chini Mills enters into an agreement for acquisition of
integrated sugar unit
-Company has splits its Face value of Shares from Rs 10 to Re 1
-Balrampur Chini acquires sugar unit from Dhampur Sugar Mills
-Balrampur Chini sets up two intergrated Greenfield Sugar Complex
-Balrampur Chini acquires Indo Gulf sugar mill
-Balrampur Chini Mills - acquisition of shares of IGIL
-Balrampur Chini - Commencement of Kumbhi Sugar Plant
-Balrampur Overseas Pvt Ltd, a Company incorporated in Hong Kong with
a purpose of trading activities became 100% subsidiary of Balrampur
Chini Mills Ltd
-Dr. Arvind Krishna Saxena has been appointed as a Wholetime Director
of the Company
-Balrampur Chini Board recommended dividend of 50% i.e. Rs 0.50
-Shri. R K Choudhury, Director, is appointed as Chairman of the
Shareholders / Investors Grievance Committee effective
-Balrampur Chini Board recommended a Dividend of Rs. 3.00 (300%)
-Balrampur signs pact with Tata Power to sell power
- BalrampChini - Board recommend a Dividend of Rs. 0.75 (75%)
-Balrampur Chini Board recommends Dividend of Rs. 2.00 (200%) per
Equity Share of Re. 1/- each
-Balrampur Chini Mills Ltd has informed that Merger of Khalilabad
Sugar Mills Pvt. Ltd. with Balrampur Chini Mills Ltd.
-Balrampur Chini Mills Ltd has informed hat Shri D. K. Mittal (IAS
Retired) and Shri Krishnava Dutt have been appointed as Additional
Independent Director of the Company w.e.f. February 06, 2014.
-Balrampur Chini Mills Ltd is one of the largest integrated sugar
manufacturing companies in India.
-Balrampur Chini gets green nod for Rs 72 cr expansion project.