Balrampur Chini Mills will hold a meeting of the Board of Directors of the Company on 11 February 2023.

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The Board of Balrampur Chini Mills will meet on 11 February 2023 to consider issue of Secured Non-convertible Debentures on private placement basis, up to an amount of Rs. 140 crore.

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Carborundum Universal Ltd, ICICI Lombard General Insurance Company Ltd, Polyplex Corporation Ltd, Hindustan Zinc Ltd are among the other stocks to see a surge in volumes on BSE today, 18 January 2023.

Balrampur Chini Mills Ltd registered volume of 3.09 lakh shares by 10:48 IST on BSE, a 6.6 fold spurt over two-week average daily volume of 46878 shares. The stock rose 1.66% to Rs.404.45. Volumes stood at 46657 shares in the last session.

Carborundum Universal Ltd notched up volume of 50437 shares by 10:48 IST on BSE, a 6.53 fold spurt over two-week average daily volume of 7729 shares. The stock rose 1.95% to Rs.922.00. Volumes stood at 3188 shares in the last session.

ICICI Lombard General Insurance Company Ltd witnessed volume of 41670 shares by 10:48 IST on BSE, a 4.41 times surge over two-week average daily volume of 9443 shares. The stock dropped 4.33% to Rs.1,196.05. Volumes stood at 9174 shares in the last session.

Polyplex Corporation Ltd saw volume of 24293 shares by 10:48 IST on BSE, a 3.15 fold spurt over two-week average daily volume of 7711 shares. The stock increased 4.57% to Rs.1,566.00. Volumes stood at 16904 shares in the last session.

Hindustan Zinc Ltd witnessed volume of 1.06 lakh shares by 10:48 IST on BSE, a 2.7 times surge over two-week average daily volume of 39137 shares. The stock increased 3.14% to Rs.359.30. Volumes stood at 51556 shares in the last session.

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With the said addition, the total distillation capacity of the company now stands at 1,050 KLPD,” the sugar maker said in a statement.

Balrampur Chini Mills is one of the largest sugar producers in India. The operations of the company are forward integrated, manufacturing alcohol (using molasses, a byproduct of sugar) and power (using cogeneration from bagasse, another byproduct of sugar manufacturing).

The company reported a consolidated net loss of Rs 28.95 crore in Q2 FY23 as against a net profit of Rs 83.10 crore in Q2 FY22. Net sales declined 8.3% year on year to Rs 1,113.10 crore in the quarter ended 30 September 2022.

The scrip rose 0.70% to currently trade at Rs 394.85 on the BSE.

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