BCL Bio Energy Pvt Ltd. secures the Provisional Stage-I clearance from the Government of Bihar

BCPL Railway Infrastructure Limited has announced that the Company's proposed subsidiary 'BCL BIO ENERGY PRIVATE LIMITED' has been granted Provisional Stage-I clearance for production of Ethanol from grains like Maize, Rice for blending with petrol, as per the Bihar Industrial Investment Promotion Rules 2016 by the Government of Bihar, Department of Industries, Secretariat of State Investment Promotion Board.

This is the first stage clearance and this enables the said subsidiary company to apply for other clearances as required under the Bihar Industrial Investment Promotion Rules 2016.

Commenting on the same, Mr. Aparesh Nandi, Chairman said, "We at BCPL Railway Infrastructure Limited are pleased to inform our stakeholders that our proposed subsidiary company 'BCL Bio Energy Private Limited' has started its journey and has been granted the Stage - I clearance by the Government of Bihar, Department of Industries, Secretariat of State Investment Promotion Board. We are hopeful that the other clearances as required under the Bihar Industrial Investment Promotion Rules 2016 will be granted to us by the concerned department very shortly. The project involves the production of Ethanol from grains like maize, rice etc at Purnia, Bihar or any other suitable place. It would be operational in around 14 months and its commercial production is expected to be reflected in the accounts of FY23 onwards."

Shares of BCPL Railway Infrastructure Ltd was last trading in BSE at Rs.54.75 as compared to the previous close of Rs. 45.75. The total number of shares traded during the day was 846592 in over 2874 trades.

The stock hit an intraday high of Rs. 54.9 and intraday low of 49.5. The net turnover during the day was Rs. 45146342.

Source : Equity Bulls

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