Telangana Chief Minister K. Chandrasekhar Rao on Wednesday assured all help from the government to revive Kamalapuram unit of Ballarpur Industries Limited (BILT), which was shut down a year ago.
The chief minister held a meeting with the management of the company and top officials and promised various measures to re-open the industry to help hundreds of workers who face uncertain future.
The 35-year-old company in Warangal district shut down operations in April last year due to adverse global and Indian market conditions in the market of rayon grade pulp.
The management sought supply of eucalyptus plants, coal and electricity at subsidised price.
The chief minister said the state-owned Singareni Collieries Company Limited would supply 12,000 tonnes of coal every month.
He directed officials to supply eucalyptus wood for pulp and raise the plants in forests to meet entire requirement of the company within the state.
He also accepted the demand for electricity supply at subsidised rates.
Established in 1977, BILT is owned by Avantha Group, India's leading business conglomerate.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app