BCL Inds spurts as subsidiarys Ethanol plant to start production

11 Jan 2022 , 10:46 AM

BCL Industries announced that the initial plant testing at the 200 KLPD ethanol plant of its subsidiary, Svaksha Distillery, has begun. The commercial production at this plant is expected to commence in the next few months before end of financial year 2021‐22.

The unit is being set up without raising any debt. Further, Svaksha Distillery has also obtained in-principal approval from Ministry of Environment, Forest and Climate Change (MoEF) for enhancing the capacity by another 100 KLPD at the same premises.

Svaksha Distillery has all the requisite land and utilities arranged for the expansion. The work to install and establish another 100 KLPD will begin soon after commissioning commercial production at the 200 KLPD plant and will be executed at minimal capex due to the existing facilities. The 100 KLPD expansion is expected to be completed in financial year 2022‐23.

After the commencement of commercial production at Svaksha Distillery in year 2021‐22 and the proposed expansion plant of 100 KLPD, the total capacity of the subsidiary shall be 300 KLPD.

Further, BCL Industries is also undertaking the expansion at Bathinda unit by setting another 200 KLPD plant. The work for the Bathinda plant is on‐going at full swing. After commencement of commercial production in its new plant, the total capacity of the company in Bathinda shall be 400 KLPD.

With all units of the company and subsidiary generating production, the total capacity of BCL Industries together with its subsidiary (Svaksha Distillery) will be 700 KLPD. The company will be one of the largest producers of Ethanol from grains in private sector in India.

On a consolidated basis, net profit of BCL Industries rose 77.69% to Rs 20.95 crore on 42.10% rise in net sales to Rs 461.50 crore in Q2 September 2021 over Q2 September 2020.

BCL Industries is engaged in the business of edible oils, distilleries and real estate.

Powered by Capital Market – Live News