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BCL Industries stock ends 5% higher after order win for supplies to OMCs

The Company also expects that its subsidiary viz. Svaksha Distillery Limited will also commence its commercial production of Ethanol in last quarter of this financial year 2021-22.

December 06, 2021 4:00 IST | India Infoline News Service
BCL Industries Ltd has informed that the Company had participated in a tender floated by Oil Marketing Companies (OMCs) dated November 12, 2021 inviting various molasses and grain based ·distilleries for supplying Ethanol for the period commencing from Dececmber 01, 2021 till November 30, 2022 at their various locations across the country.

Accordingly, it is informed that after the closure of the first round of offerings, the Company has been been allocated quantity of 3.60 cr litres of Ethanol from the manufacturing unit at Bathinda for supplies to OMCs.

Further, the Company has also applied for additional quantity of 0.50 Crore Ltrs. The total suppliable quantity to OMCS will be upto 4.10 Crore Ltrs for the period from 01st Dececmber, 2021 till 30th November, 2022.

Besides, the Company also expects that its subsidiary viz. Svaksha Distillery Limited will also commence its commercial production of Ethanol in last quarter of this financial year 2021-22 and will initiate the supply once commercial production commences.

The per unit rate of Ethanol made from the Damaged Food Grains has been fixed at Rs. 52.92/- per litre with an increase of Rs. 1.37 /- per ltr from previous year. The rate for Ethanol made from Surplus Food Grains remains unchanged.

On Monday, BCL Industries ended at Rs250.55 apiece up by Rs11.65 or 4.88% on Sensex.

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