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Balrampur Chini Mills Ltd has posted lower net loss at ₹14.42 crore in the second quarter to September 30 against ₹63.90 crore in the corresponding quarter last year. Lower depreciation and interest cost helped the company to reduce net loss even though the net operating revenue shrunk 26.59 per cent at ₹501.07 crore. Long-term debt stood at ₹650.83 crore. During the second quarter, the company obtained soft loan (at 10 per cent) of ₹199.04 crore as working capital for a tenure of five years. This, the company said, was utilised paying off sugarcane arrears to the farmers.
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