Avantika Saraogi appointed as Executive Director of Balrampur Chini Mills Limited

Balrampur Chini Mills Limited, one of the largest integrated sugar mill complexes in India with primary businesses in Sugar, Bio- Ethanol & Renewable Power has appointed Ms. Avantika Saraogi as the Executive Director of the Company, effective 1st January'24.

Ms. Avantika Saraogi, a young scion of the distinguished Saraogi family in the sugar industry and a successful entrepreneur, is the daughter of the Chairman and Managing director of BCML, Mr. Vivek Saraogi. She's passionate about the family business and is committed to promoting sustainability and reducing the environmental impact of sugarcane cultivation and her vision is nothing less than a world that recognizes and embraces the incredible potential of sugarcane. Saraogi is driven by a desire for a clean and self-reliant future, and she's committed to improving the lives of the people in the rural community.

Founded in 1975, Balrampur Chini Mills Limited (BCML) is listed in both NSE & BSE with a current market cap of around 8000 crores, welcomed Ms. Avantika Saraogi on board as an Executive Director. Ms. Saraogi will not only spearhead cane operations and sugarcane development but also procurement, grower relations, strategy, technology, mechanization, sustainability & communications.

Joining the new role, Ms. Saraogi aims to carry the rich legacy of her late grandmother Smt. Meenakshi Saraogi, lovingly called 'Madamji' by all. Her commitment towards sustainability & rural prosperity is sure to bring a change in the world of sugar & ethanol manufacturing business.

Welcoming his daughter, Mr. Vivek Saraogi, Chairman & Managing Director of Balrampur Chini Mills Limited, said, "Ms. Avantika Saraogi's appointment as Executive Director marks a joyous moment in our company's history. She carries the beacon of innovation and excellence. I am confident that she will uphold our core values & drive the company forward while also charting a new course for the future."

Speaking on this occasion, Ms. Avantika Saraogi, Executive Director, Balrampur Chini Mills said, "With humility, I trace the footsteps of my late grandmother, and my father who are stalwarts in the industry. I have been leading new business initiatives & growers' relations for the company for over 3 years and am committed to approach the business path with a sense of excitement, gratitude, and determination, aiming to shape a new era for our distinguished business."

Shares of Balrampur Chini Mills Limited was last trading in BSE at Rs. 389.75 as compared to the previous close of Rs. 397.10. The total number of shares traded during the day was 52427 in over 1913 trades.

The stock hit an intraday high of Rs. 401.85 and intraday low of 388.50. The net turnover during the day was Rs. 20545092.00.

Source : Equity Bulls

Keywords

BalrampurChiniMills INE119A01028 Sugar Appointment ExecutiveDirector