BCL Industries Limited updates on order book for supply of Ethanol

BCL Industries Limited alongwith its subsidiary Company had participated in a tender floated by Oil Marketing Companies (OMCs) dated 18TH Oct. 2022 inviting various molasses and grain based distilleries for supplying Ethanol for the period commencing from 01/12/2022 till 31/10/2023 at their various locations across the country.

After the closure of the first round of offerings, BCL Industries Ltd. has been been allocated 4.9 crores litres of Ethanol, from its manufacturing unit at Bathinda (Punjab) with an order value of around INR 285 Cr., to be supplied to the OMC's. Additionally, the Distillery unit of the Company has also bagged an order to supply 1.65 Cr. litres of Ethanol to Reliance Industries Ltd. with an order value of INR 107 Cr.

M/s. Svaksha Distillery Ltd. subsidiary of BCL Industries Ltd. has been been allocated 3.65 crores litres of Ethanol, from its manufacturing unit at Kharagpur (West Bengal) with an order value of around INR 213 Cr., to be supplied to the OMC's. Additionally, the unit has also bagged an order to supply 89 lac litres of Ethanol to Reliance Industries Ltd. with an order value of INR 56 Cr.

Shares of Bcl Industries Limited was last trading in BSE at Rs. 377.25 as compared to the previous close of Rs. 378.25. The total number of shares traded during the day was 4798 in over 393 trades.

The stock hit an intraday high of Rs. 388.75 and intraday low of 372.15. The net turnover during the day was Rs. 1822427.00.

Source : Equity Bulls

Keywords

BclIndustries INE412G01016 EthanolSupply OMCs OrderBook