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Stock Report
BCL Bio Energy starts crude edible oil production at its 300 TPD Edible Oil Extraction Plant in Burdwan, West Bengal
Posted On : 2024-10-07 23:11:36( TIMEZONE : IST )
BCPL Railway Infrastructure Limited, a BSE listed company announces that its subsidiary company M/s BCL Bio Energy Private Limited has started production of Crude Edible Oils like Crude Rice Bran Oil; Crude Mustard Oil and De-oiled Cakes at its Solvent Extraction plant.
BCL Bio Energy Private Limited has a Solvent Extraction Plant of 300 TPD, established to extract Crude Rice Bran Oil and Crude Mustard Oil from Rice Bran and Mustard Oil Cake respectively and the residual cake called DE-oiled Rice Bran/Deoiled Mustard Cake which are used as animal feed and exported from India to countries like Bangladesh, Vietnam. Established in 2021, it is into the business of extraction of edible rice bran oil and it is a subsidiary of BCPL Railway Infrastructure Limited.
It is a small step towards the energy security of the country to reduce India's dependence on importing edible oils. The Company will also emphasize on exporting the Deoiled cakes from India to several other foreign countries and will contribute in earning foreign exchange for the country.
BCPL Railway Infrastructure Limited holds 51% stake in BCL Bio Energy Private Limited and the working of BCL Bio Energy would contribute to the consolidated financial performance of the former company.
Rice Bran Oil (RBO) has gained wide popularity in recent years due to its considerable health benefits. RBO has found many applications in the food, pharmaceutical, cosmetics and chemical industries because of its unique properties and medicinal value. The byproduct of rice bran oil extraction, called de-oiled cake (DOC), ensures that all parts of the rice bran are used, minimizing waste for sustainability.
Shares of BCPL Railway Infrastructure Ltd was last trading in BSE at Rs. 90.72 as compared to the previous close of Rs. 95.16. The total number of shares traded during the day was 49818 in over 955 trades.
The stock hit an intraday high of Rs. 98.00 and intraday low of 90.41. The net turnover during the day was Rs. 4632954.00.
