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BCL Industries Secure Additional 23,054 KL Ethanol Supply Order

Written by: Team Angel OneUpdated on: Feb 20, 2025, 2:17 PM IST
BCL Industries and Svaksha Distillery will supply 23,054 KL more ethanol to OMCs under a new allocation.
BCL Industries Secure Additional 23,054 KL Ethanol Supply Order
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BCL Industries Limited and its subsidiary, Svaksha Distillery Limited have received 23,054 KL of extra ethanol to supply to Oil Marketing Companies (OMCs). It is made from Food Corporation of India (FCI) rice and was allocated through an OMC tender.

Order Value and Distribution

The total order is valued at ₹134.87 crore. BCL Industries will supply 14,302 KL of ethanol worth ₹83.67 crore, while Svaksha Distillery will provide 8,752 KL valued at ₹51.20 crore. This new order is in addition to the previously allocated 182,485 KL.

Government Initiatives and Ethanol Blending Program

The Indian government and OMCs are aggressively promoting ethanol blending in petrol to reduce the country’s carbon footprint and decrease dependency on crude oil imports. Ethanol derived from agricultural sources like FCI rice supports energy security and environmental sustainability. 

Company Overview and Operations

Established in 1976, BCL Industries operates in multiple sectors, including edible oils, rice milling, grain-based distilleries and real estate. The company has manufacturing plants in Punjab and West Bengal. As a major producer of grain-based ethanol in India, BCL Industries plays a significant role in the country’s ethanol supply chain.

Stock Performance

As of February 20, 2025, at 9:35 AM, with a market capitalisation of ₹11.29 billion, the shares of BCL Industries are trading at ₹38.51 per share, reflecting a surge of 5.02% from the previous day’s closing price. Over the past month, the stock has registered a loss of 25.27%. The stock’s 52-week high stands at ₹84.40 per share, while its 52-week low is ₹34.50 per share.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 20, 2025, 2:17 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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