CM Revanth pushes for revival of BILT’s Kamlapurum pulp mill

Hyderabad: In an effort to boost economic activity and provide employment opportunities, Telangana Chief Minister A Revanth Reddy chaired a comprehensive review meeting with top officials to assess progress on the revival of the Kamlapurum Pulp Mill owned by Ballapur Industries Limited (BILT).

The new administration has placed a high priority on revitalizing struggling industrial units like the BILT Mill in Mulugu district, recognizing their significance in driving local economic growth.

During the meeting, the Chief Minister discussed with Hardik Patel, MD of Finquest Financial Solutions Pvt Ltd, which has taken possession of BILT’s assets in the state pursuant to an order from the National Company Law Appellate Tribunal (NCLAT). The company is actively working towards disposing these assets to potential investors. Expressing strong governmental support, the CM urged the Finquest team to accelerate the revival process of the factory.

Further discussions were held between the Chief Minister and Vadiraj Kulkarni, CEO of ITC’s PSPD (Paperboards and Specialty Papers Division), regarding ITC’s ongoing projects in Telangana and its potential plans for expansion. ITC is currently in negotiations with Finquest to acquire BILT’s assets. Reaffirming the government’s commitment, the CM assured full cooperation and support to ITC for the successful reestablishment of the BILT factory in Kamlapurum.

The meetings were attended by Ministers D Anasuya and Konda Surekha, Chief Secretary, PrlSecy Industries, Spl Secretary, Industries, CMO officials, and the Collector of Mulugu.