BCL Industries Limited (BSE: 524332), 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 INR 220 Crores.
Commenting on the expansion, Managing Director, Mr. Rajinder Mittal said: "We are extremely delighted to announce the commissioning of our brownfield expansion at Bhatinda. This expansion has propelled BCL to become one of the largest grain-based distilleries in India. We are committed and proud to be a part of promoting the government's initiatives on Bio-Fuels in India."
Shares of Bcl Industries Limited was last trading in BSE at Rs. 482.75 as compared to the previous close of Rs. 480.15. The total number of shares traded during the day was 14270 in over 653 trades.
The stock hit an intraday high of Rs. 490.25 and intraday low of 475.05. The net turnover during the day was Rs. 6907988.00.