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Time of India
02-07-2025
- Business
- Time of India
Sugarcane to sustainability: India gets its first fully integrated PLA plant as Balrampur Chini unveils Bioyug
In a major boost to India's green manufacturing push and agri-industrial integration, Kolkata-headquartered Balrampur Chini Mills Ltd (BCML) has launched 'Balrampur Bioyug ', touted as the country's first industrial-scale PLA (Polylactic Acid) biopolymer brand, offering a bio-based, eco-friendly alternative to fossil-derived plastics. Balrampur Chini says that the initiative is positioned as a sustainable, 'earth-to-earth' solution, representing a strategic milestone in reducing fossil-fuel reliance in packaging and single-use plastics, while unlocking new value for sugarcane, a key crop in northern India. India's first fully integrated PLA plant BCML, one of India's leading sugar manufacturing companies, has launched Balrampur Bioyug with an investment of Rs 2,850 crore in a phased manner. The PLA project will be operational at the end of 2026, as per the company. Guided by bio-circularity, Bioyug is not merely a plastic alternative but a holistic vision for sustainable manufacturing, says the company, adding that the first-of-its-kind initiative further aligns with national goals under Atmanirbhar Bharat and Viksit Bharat , offering a pathway for home-grown innovation to lead the global sustainability narrative. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct Shopping From Adidas Franchise Store, Up To 50% Off Original Adidas Shop Now Undo 'The Bioyug initiative is centred around a fully integrated facility that will convert sugarcane derivatives directly into PLA through a circular, renewable energy-powered process. This is the first facility globally to consolidate the entire PLA production cycle—from sugarcane to biopolymer—at a single site,' Avantika Saraogi, Executive Director at Balrampur Chini Mills, told ET Online. The plant, located in Kumbhi, Uttar Pradesh, adjacent to BCML's existing sugar mill, will produce annually 80,000 tonnes of PLA—a 100% compostable, plant-derived alternative to conventional plastic. The material, derived from renewable sources like sugarcane, will have applications across food service, packaging, biomedical, textiles, and 3D manufacturing. The plant also aims to produce PLA for products like food trays, curd cups, disposable cutlery, and packaging materials, according to the company. Live Events What sets Bioyug apart The company claims several elements make Bioyug a pioneering effort. Besides being India's first industrial-scale PLA brand derived from sugarcane, it also boasts end-to-end integrated production—from agri-feedstock to biopolymer—at one location. It is also fully powered by renewable energy, significantly cutting lifecycle emissions, with direct value linkage to sugarcane farmers. Notably, it targets banned single-use plastics in packaging and food service. 'We are not just launching a brand—we are creating a platform to reimagine India's agri-value chain,' said Saraogi, adding that Bioyug aligns with national priorities under the BioE3 and Bioplastic Policy frameworks and enables the conversion of agricultural surplus into high-grade, globally competitive green materials. Among those present at the launch, S.K. Nayak, former DG of CIPET (The Central Institute of Petrochemicals Engineering and Technology), commended the initiative, underlining it would drive sustainability throughout the nation's extensive sugarcane value chain, and said, 'The launch of Bioyug marks a pivotal advancement in India's biopolymer landscape—establishing the country's first fully integrated PLA value chain, from biomass conversion to polymerisation, at a single site. This end-to-end model enhances operational efficiency, supports the circular economy, and contributes meaningfully to carbon footprint reduction through renewable, bio-based inputs.' According to Stefan Barot, President of BCML's Chemical Division, the Bioyug plant's integrated, renewable energy-powered model sets a global standard for low-carbon, efficient production. The initiative, whose name translates to 'The Era of Bio-Circularity,' is seen as a major step forward in India's transition toward a bio-based, low-emission future. 'Bio' reflects the company's focus on sustainable, plant-derived materials like PLA and its strong linkages with India's agricultural ecosystem, particularly sugarcane farmers in Uttar Pradesh. Meanwhile, 'Yug'—drawn from Sanskrit—symbolises the beginning of a new era founded on ecological responsibility and circular economy principles. Empowering sugarcane farmers The launch event, held at Mumbai's Jio World Convention Centre, was attended by policymakers, scientists, and sustainability leaders, including Maharashtra Deputy Chief Minister Devendra Fadnavis. The initiative was launched in the presence of Maharashtra Chief Minister Devendra Fadnavis Sarogi adds that the launch is expected to be a 'game-changer' for sugarcane economies in Uttar Pradesh and Maharashtra. By focusing on non-edible, high-value derivatives of sugarcane, BCML aims to reduce reliance on traditional sugar and ethanol markets and integrate Indian farmers into the global bioplastics supply chain. 'Through Bioyug, we are creating a new revenue pathway for sugarcane growers,' she said, adding that it links grassroots agriculture with advanced green manufacturing, helping rural India become a part of the circular economy. Vivek Saraogi , Chairman & Managing Director, Balrampur Chini Mills Limited, says, 'PLA is a bio-based, compostable material that emits 68% less CO₂ over its lifecycle compared to fossil-based plastics, offering an environmentally friendly alternative for a sustainable planet. This project is aimed at fuelling India's journey towards achieving net zero emissions by 2070.' According to Saraogi, India has the raw material and the intent, and now, with Bioyug, the country is seeing the first scaled demonstration of how sugarcane can power not just energy or ethanol—but materials that replace plastic. Saraogi further emphasised that PLA has the potential to be one of India's strongest export stories from the bioeconomy, as it plays to our natural advantage in agri-residues and aligns perfectly with Atmanirbhar Bharat and the vision of Viksit Bharat. The company expects Bioyug to catalyse MSME participation in downstream packaging and green innovation. The company has called for policy incentives to support early adoption, develop composting infrastructure, and spur market demand.
Yahoo
31-05-2025
- Business
- Yahoo
BayCom Corp (NASDAQ:BCML) is favoured by institutional owners who hold 62% of the company
Given the large stake in the stock by institutions, BayCom's stock price might be vulnerable to their trading decisions The top 13 shareholders own 51% of the company Insiders have been selling lately We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you want to know who really controls BayCom Corp (NASDAQ:BCML), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are institutions with 62% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's delve deeper into each type of owner of BayCom, beginning with the chart below. View our latest analysis for BayCom Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that BayCom does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of BayCom, (below). Of course, keep in mind that there are other factors to consider, too. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in BayCom. BlackRock, Inc. is currently the company's largest shareholder with 8.5% of shares outstanding. In comparison, the second and third largest shareholders hold about 8.2% and 5.7% of the stock. Additionally, the company's CEO George Guarini directly holds 2.1% of the total shares outstanding. A closer look at our ownership figures suggests that the top 13 shareholders have a combined ownership of 51% implying that no single shareholder has a majority. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can report that insiders do own shares in BayCom Corp. As individuals, the insiders collectively own US$23m worth of the US$292m company. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying. The general public-- including retail investors -- own 30% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 1 warning sign for BayCom that you should be aware of before investing here. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The Hindu
27-05-2025
- Business
- The Hindu
Balrampur Chini unveils eco-friendly input for making single-use products
With single-use plastic products facing regulatory curbs, those made of an eco-friendly material viz. Poly Lactic Acid (PLA), produced from sugarcane, is finding acceptance as an alternative across the world. With a bit of policy support in India, PLA can replace polyethylene, the raw material for single use plastic. Balrampur Chini Mills Ltd. (BCML), one of India's biggest sugar manufacturers has taken the lead to tap this opportunity and is popularising PLA under the brandBalrampur Bioyug which will be supplied to small-scale units to make eco-friendly single-use products. The brand was formally unveiled by Maharashtra Chief Minister Devendra Fadnavis in Mumbai. BCML is currently setting up a PLA plant with an investment of ₹2,850 crore at its existing sugar factory in Kumbhi, Uttar Pradesh. This plant would be India's first industrial-scale biopolymer plant and powered by 100% renewable energy for its entire production process. This will be the first plant location where sugarcane will be transformed into PLA in a single, integrated site, as per the company. To popularise the products among producers and consumers, the company has rolled out a fully equipped bus called Bioyog on Wheels that will go around the country to demonstrate the production of eco-friendly products on the spot and carry the message of circular economy and sustainable living. Vivek Saraogi, Chairman & Managing Director, BCML said, 'Our PLA venture is well- aligned with the sustainability goals ...to combat climate change. India has got its first BioE3 policy which boasts of a fantastic forward-looking framework driving sustainability through bioenergy, bioeconomy, and green innovation. 'Additionally with the roll-out of the Uttar Pradesh Government's first-ever Bioplastic Policy, we felt empowered to confidently enter this dynamic sector, aligning growth with national environmental goals,' he said. Avantika Saraogi, Executive Director, BCML said, 'Today, we didn't just unveil a brand — we launched a transformative movement. Bioyug marks a pivotal step in India's transition to a bio-based, low-carbon economy.' 'With its strong agro-industrial base, Maharashtra can emerge as the nation's leading bioplastic market. I humbly urge all stakeholders to support MSMEs through policy incentives, regulatory support, and awareness-building. Together, we can shift from fossil-based pollution to plant-based progress,' she said. Stefan Barot, President – Chemicals Division, BCML said, 'With an annual capacity of 80,000 tonnes, Balrampur Bioyug will produce 100% bio-based, industrially compostable PLA—offering a credible and scalable solution to the global plastic crisis.' 'As a versatile polymer derived from renewable resources, PLA has the mechanical strength and durability needed for a wide range of uses while being far more sustainable,' he said. 'It is ideally suited to replace banned single-use plastic items such as straws, disposable cutlery, trays, bottles, and curd cups—without compromising on performance or safety,' he added.
Yahoo
23-05-2025
- Business
- Yahoo
3 Stocks to Watch That Declared Dividend Hikes Amid Market Volatility
Tariff fears have eased over the past few weeks, and so has inflation to some extent. This has helped markets rebound this month. However, volatility has returned lately as clarity over trade deals with China and other nations remains unclear, while the Federal Reserve is yet to give a clear picture of its future rate-cut path. Given this uncertainty, cautious investors looking for a steady income and ways to protect their capital may want to hold or buy dividend-paying stocks. Three such stocks are BayCom Corp BCML, Equitable Holdings, Inc. EQH and Northrop Grumman Corporation NOC. A delay in rate cuts and a lack of clarity over the final outcome of the ongoing trade negotiations have been worrying investors. Inflation has eased over the past couple of months. The consumer price index (CPI) rose 0.2% in April after declining 0.1% in March for the first time since May 2020. Year over year, CPI climbed 2.3%, the smallest gain since February 2021. The April reading indicates that inflation is gradually reaching the Federal Reserve's 2% target. However, the Federal Reserve has adopted a cautious approach and left interest rates unchanged in its May meeting. Moreover, it said that Federal Reserve officials would go for a rate cut only when they are confident that inflation is declining sharply. Separately, President Donald Trump announced hefty tariffs in April on all trading partners of the United States and especially targeted China with 145% duties. China retaliated with 125% tariffs before both countries announced a trade truce last week and paused tariffs for 90 days. Although it has eased trade war fears, investors are still unclear how the trade deals with China and other nations will shape up and how they will impact the economy. The growing uncertainties saw consumer sentiment fall to 50.8 in May, down 2.7% from April, the second-lowest level recorded in the survey's 75-year history. The ongoing factors could keep markets volatile for a longer period. Given the uncertainty, it would be a wise decision to invest in stocks that pay dividends. These companies usually remain stable and consistently pay out dividends while sustaining profitability through strong business strategies. In a fluctuating market, companies that pay high dividends often outperform those that do not. BayCom Corp. provides commercial banking products and services to businesses and individuals. BCML offers deposit products, loans, online banking, cash management and banking services. BayCom Corp. has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. On May 21, BayCom Corp. announced that its shareholders would receive a dividend of $0.20 a share on July 10. BCML has a dividend yield of 2.26%. Over the past five years, BayCom Corp. has increased its dividend three times, and its payout ratio presently sits at 29% of earnings. Check BayCom Corp's dividend history here. Equitable Holdings, Inc. is a financial services holding company comprising two franchises, Equitable and AllianceBernstein. Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. EQH has a Zacks Rank #3. On May 21, Equitable Holdingsdeclared that its shareholders would receive a dividend of $0.27 a share on June 9. EQH has a dividend yield of 1.85%. Over the past five years, Equitable Holdings has increased its dividend six times, and its payout ratio presently sits at 16% of earnings. Check Equitable Holdings' dividend history here. Northrop Grumman Corporation supplies a broad array of products like space systems, military aircraft, missile defense, advanced weapons and long-range fire capabilities, mission systems, networking and communications, strategic deterrence systems, and breakthrough technologies, such as advanced computing, microelectronics and cyber. NOC has a Zacks Rank #3. On May 20, Northrop Grummanannounced that its shareholders would receive a dividend of $2.31 a share on June 18. NOC has a dividend yield of 1.74%. Over the past five years, Northrop Grummanhas increased its dividend six times, and its payout ratio presently sits at 32% of earnings. Check Northrop Grumman's dividend history here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report Bay Commercial Bank (BCML) : Free Stock Analysis Report Equitable Holdings, Inc. (EQH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
22-05-2025
- Business
- Yahoo
BayCom Corp (BCML) Announces a Significant 33% Dividend Hike for Shareholders
On May 21, BayCom Corp (NASDAQ:BCML) declared a 33% hike in its quarterly dividend to $0.20 per share. BayCom Corp (NASDAQ:BCML), operating through its fully owned subsidiary United Business Bank, provides a wide variety of loan options—including SBA, CalCAP, FSA, and USDA-backed loans—alongside deposit products and services to businesses and their affiliates across California, Nevada, Washington, New Mexico, and Colorado. Investors were pleased by BayCom Corp (NASDAQ:BCML)'s recent dividend increase. Since initiating its dividend program in 2022, the company has consistently raised its dividends each year. The increases have been substantial, with a 100% boost in the first year and 50% in the second. This pattern highlights the company's strong dedication to delivering value back to its shareholders. BayCom Corp (NASDAQ:BCML) offers a dividend yield of 2.26%, and the stock will trade ex-dividend on June 12. The stock has surged by 30% in the past 12 months. While we acknowledge the potential of BCML as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than BCML but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ MORE: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
