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The Economic Times

Business

Surbhi Khanna

Balrampur Chini Mills shares rally 4% as company receives Rs 75 crore BioE3 grant from government

Balrampur Chini Mills Balrampur Chini India Surbhi Khanna biotechnology BIRAC Government of India SEBI Uttar Pradesh

Shares of Balrampur Chini Mills jumped 4% on Friday to the day’s high of Rs 689 on NSE after the Government of India awarded a Rs 75 Crore BioE3 grant to advance India's bioeconomy.

According to a filing with the exchange, this was awarded by the Biotechnology Industry Research Assistance Council (BIRAC) under the Department of Biotechnology (DBT), Government of India, for establishing a 100 TPA PLA CoPolymer R&D Facility under the Government's flagship BioE3 (Biotechnology for Economy, Environment & Employment) initiative.

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