BCL IndustriesA small-cap stock traded under 100, increased after an important business update. The company announced expansion plans across its subsidiaries aimed at boosting its renewable energy capabilities, the company announced in an exchange filing on December 17, 2024.
Share price of BCL Industries was trading in the green, up 0.72 per cent. 52, December 18, 2:19 pm. The market capitalization of the company is Rs 1,534.85 crore, according to BSE.
What is the new development?
According to a disclosure dated December 17, 2024, BCL Industries revealed that its subsidiary Swaksh Distillery Limited has been awarded a grant to set up a 75 KLPD (kilo-litre per day) bio-diesel plant along with an oil extraction unit at its Kharagpur facility. Consent has been received. The estimated cost of this project is 150 crores. Additionally, the company secured environmental clearance to set up a 150 KLPD ethanol manufacturing plant at its Bathinda unit, the work of which is scheduled to commence in the coming months.
“We are pleased to inform that M/s. “Swaksha Distillery Limited (subsidiary) has received consent to set up a 75 KLPD bio-diesel plant along with an oil extraction plant at its Kharagpur unit with an estimated project cost of Rs 150 crore in the ordinary course of its business,” the company said. . An exchange filing.
Construction of another 75 KLPD bio-diesel plant at the Bathinda facility is in full swing, reaffirming the company’s commitment towards green energy initiatives.
Financial Results of BCL Industries
BCL Industries net profit on 29.87 crore during July-September 2024 quarter, an increase of more than 50 percent It was Rs 19.67 crore in the year-ago quarter. BCL Industries’ net profit jumps over 45% on sequential basis too Rs 20.51 crore was reported in the April to June 2024 quarter at the consolidated level.
BCL Industries Revenue from Operations 746.13 crore during the July-September 2024 quarter, also an increase of more than 55% 480.70 crores were reported in the year-end quarter. It also increased by 13.4% on sequential basis It was Rs 658.21 crore in the same quarter a year ago.
