Telengana Government Announces Revival Package for Ballarpur Industries Limited

The state government has announced revival package for Ballarpur Industries Limited (BILT) at Kamalapur in Warangal district on Monday. Industries secretary Arvind Kumar issued orders for the revival of BILT. Ballarpur Industries Limited (BILT) was incorporated in March, 1975 at Kamalapur.

However, due to market/customer related reasons, prevailing international market of Rayon grade pulp and the cost structure prevailing in the country for pulp manufacturing units, the factory was shut-down in 2014.

Based on the request of the company and facts made available by Telangana State Northern Power Distribution Company Limited, Singareni Collieries Company Limited and Telangana State Forest Development Corporation, the State government extended incentives to BILT.

BILT will get a maximum power subsidy of Rs 9 crore per year.

For supplies to be made from Telangana State Forest Development Corporation to BILT, a total consolidated subsidy of Rs 21 crore per annum will be released to Telangana State Forest Development Corporation towards supply of Pulpwood (eucalyptus and bamboo). In all, a total subsidy of not more than Rs 30 crore would be given to BILT.

Source: The New Indian Express

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