BCL Industries gains as its arm gets consent to establish 75 KLPD bio-diesel plant
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
BCL Industries is currently trading at Rs. 52.31, up by 0.68 points or 1.32% from its previous closing of Rs. 51.63 on the BSE.
The scrip opened at Rs. 51.58 and has touched a high and low of Rs. 52.63 and Rs. 51.32 respectively. So far 73874 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.25 on 16-Feb-2024 and a 52 week low of Rs. 46.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 55.67 and Rs. 49.32 respectively. The current market cap of the company is Rs. 1544.00 crore.
The promoters holding in the company stood at 57.77%, while Institutions and Non-Institutions held 1.84% and 40.40% respectively.
BCL Industries’ subsidiary -- M/s. Svaksha Distillery has received consent to establish a 75 KLPD Bio-Diesel plant along with an oil extraction plant at its Kharagpur unit with an estimated project cost of Rs 150 crore.
Further, it has received environmental clearance to establish another 150 KLPD ethanol manufacturing plant at its Bathinda distillery, work for the same will begin in coming months. Additionally, the work on 75 KLPD Bio-Diesel plant at Bathinda distillery is going on in full swing.
BCL Industries is engaged in the business of extracting, manufacturing and marketing clarified butter and oil.
