BCL Industries to inaugurate greenfield distillery plant at Kharagpur tomorrow; Stock soars nearly 3%

BCL Industries Ltd has introduced the inaugural ceremony (Hawan Puja) of the greenfield distillery plant of its subsidiary Svaksha Distillery Restricted, in Kharagpur, West Bengal on June 24, 2022. BCL Industries has round 75% stake within the Svaksha Distillery subsidiary.

This new state-of-the-art grain-based distillery unit has a capability of 200 KLPD to fabricate each ENA and Ethanol. All work at plant has accomplished and the corporate has acquired all of the required crucial permissions for the graduation.

This greenfield enlargement was strategically deliberate for varied causes just like the rising , demand- provide hole of ENA and Ethanol in West Bengal and to cut back the logistics prices of ENA provide from the corporate’s Bathinda plant to West Bengal. West Bengal can be deficit in Ethanol manufacturing and Svaksha Distillery will assist cater to the demand of Ethanol within the state. Moreover, the situation additionally provides simpler availability of uncooked supplies as West Bengal is amongst the most important rice producing states in India.

Moreover, Svaksha Distillery additionally plans to begin work for an enlargement of one other 100 KLPD of ethanol solely plant on the identical location as soon as the manufacturing of present 200 KLPD is stabilized. The subsidiary has all of the requisite land and utilities organized for the enlargement, thereby lowering the general value of enlargement. After the proposed enlargement plant of 100 KLPD is accomplished, the subsidiary’s whole capability shall be 300 KLPD.

BCL Industries restricted can be present process enlargement at its Bathinda unit by the use of establishing one other 200 KLPD Ethanol plant. The work for the enlargement of the 200 KLPD ethanol plant is beneath full swing. After these expansions, the whole capability of the group shall be 700 KLPD, changing into one of many largest grain-based producers of ethanol within the non-public sector in India.

At round 3:12 PM, BCL Industries was buying and selling at Rs373.40 per share larger by 2.68% on the BSE.