BCPL Railway Infrastructure soars as its arm starts production at Solvent Extraction plant in West Bengal
BCPL Railway Infrastructure is currently trading at Rs. 92.15, up by 1.43 points or 1.58% from its previous closing of Rs. 90.72 on the BSE.
The scrip opened at Rs. 93.10 and has touched a high and low of Rs. 95.00 and Rs. 90.70 respectively. So far 14301 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.85 on 06-Feb-2024 and a 52 week low of Rs. 52.52 on 06-Nov-2023.
Last one week high and low of the scrip stood at Rs. 98.50 and Rs. 90.41 respectively. The current market cap of the company is Rs. 154.26 crore.
The promoters holding in the company stood at 72.87%, while Non-Institutions held 27.13% in the company.
BCPL Railway Infrastructure’s subsidiary -- BCL Bio Energy has started production of Crude Edible Oils like Crude Rice Bran Oil; Crude Mustard Oil and De-oiled Cakes at its Solvent Extraction plant in Burdwan, West Bengal.
BCL Bio Energy has a Solvent Extraction Plant of 300 TPD, established to extract Crude Rice Bran Oil and Crude Mustard Oil from Rice Bran and Mustard Oil Cake respectively and the residual cake called DE-oiled Rice Bran/Deoiled Mustard Cake which are used as animal feed and exported from India to countries like Bangladesh, Vietnam. Established in 2021, it is into the business of extraction of edible rice bran oil and it is a subsidiary of BCPL Railway Infrastructure.
It is a small step towards the energy security of the country to reduce India’s dependence on importing edible oils. The company will also emphasize on exporting the Deoiled cakes from India to several other foreign countries and will contribute in earning foreign exchange for the country.
BCPL Railway Infrastructure is engaged in the field of railway infrastructure development. Its business activities include designing, drawing, supplying, erecting and commissioning of 25KV, 50 Hz Single Phase Traction Overhead Equipment.