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