Hot Pursuit     04-Dec-23
BCL Inds spurts on bagging Rs 561-cr order to supply ethanol
BCL Industries jumped 8.21% to Rs 58.52 after the company along with its subsidiary, Svaksha Distillery, received a tender floated by Oil Marketing Companies (OMCs) for supplying ethanol.

The contract is valued at Rs 561 crore to supply 8.20 lac liters of ethanol.

BCL Industries received order for supply of 2.48 kilolitre (KL) in the period of November 2023 to January 2024 and 2.48 KL in the period of February 2024 to April 2024 which aggregates into 4.96 lac litres worth Rs 339 crore.

Svaksha Distillery secured order for supply of 1.44 KL in the period of November 2023 to January 2024 and 1.80 KL in the period of February 2024 to April 2024 which aggregates into 3.24 lac litres worth Rs. 222 crore.

Meanwhie, the company’s distillery unit Svaksha Distillery also bagged an order to supply 0.1 lac litre of ethanol to Reliance Industries, with an order value of Rs 6.73 crore.

BCL Industries, operation of the company spans all aspects of real estate development, Oil and Refinery, and Distillery.

The company reported a consolidated net profit of Rs 19.67 crore in Q2 FY24 as against a net loss of Rs 0.82 crore recorded in Q2 FY23. Net sales grew by 6.3% year on year to Rs 480.71 crore during the quarter.

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