BCL Industries rises on commissioning 200 KLPD Ethanol expansion at Bhatinda facility
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BCL Industries is currently trading at Rs. 485.55, up by 2.80 points or 0.58% from its previous closing of Rs. 482.75 on the BSE.
The scrip opened at Rs. 495.00 and has touched a high and low of Rs. 497.70 and Rs. 482.00 respectively. So far 15131 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 536.35 on 20-Jun-2023 and a 52 week low of Rs. 276.15 on 15-Nov-2022.
Last one week high and low of the scrip stood at Rs. 497.70 and Rs. 436.65 respectively. The current market cap of the company is Rs. 1168.86 crore.
The promoters holding in the company stood at 61.36%, while Non-Institutions held 38.64% stake in the company.
BCL Industries has successfully commissioned a 200 KLPD Ethanol dedicated brownfield expansion at Bhatinda, Punjab, taking the plant’s distillery capacity to 400 KLPD at Bathinda. The company has also commissioned a 10 MW Power Plant that will run on paddy straw, for which the company has already sourced paddy straw stock required until December 2023, along with contracts for paddy straw already in place for the next year. The company expects this power plant to bring down the fuel cost for distillery segment moving forward. The capex outlay for this expansion was Rs 220 crore.
BCL Industries & Infrastructures is engaged in the business of extracting, manufacturing and marketing clarified butter and oil.
