Telangana CM reviews progress on Kamlapurum Pulp Mill of BILT revival
A Reventh Reddy, Chief Minister of Telangana on Monday conducted a comprehensive review with senior officials regarding the status of the revival of Kamlapurum Pulp Mill of M/S Ballarpur Industries Limited (BILT).
Hyderabad: A Reventh Reddy, Chief Minister of Telangana on Monday conducted a comprehensive review with senior officials regarding the status of the revival of Kamlapurum Pulp Mill of M/S Ballarpur Industries Limited (BILT).
The new government has prioritized the revival of ailing industrial units such as the BILT Mill in Mulugu district, aiming to stimulate economic activity and generate local employment.
In light of these efforts, the Chief Minister held a meeting with Hardik Patel, MD of Finquest Financial Solutions Private Limited. The company has acquired BILT assets in the State following the order from NCLAT and is currently in the process of facilitating their sale to potential investors.
The CM expressed the government’s strong commitment to facilitating the revival of the factory and urged the Finquest team to expedite the process.
Additionally, the Chief Minister engaged in discussions with the CEO of ITC, PSPD (Paperboards and Specialty Papers Division), Mr. Vadiraj Kulkarni, regarding their ongoing projects in Telangana and future expansion plans. ITC is currently in negotiations with Finquest to acquire BILT assets.
The Chief Minister assured full support to ITC for the successful revival of the BILT factory in Kamlapurum.
Ministers Ms. Anasuya and Smt. Konda Surekha, Chief Secretary, PrlSecy Industries, Spl Secretary Industries, CMO officials, and the Collector of Mulugu were also present during these meetings, an official statement from the Chief Minister’s Office said.
