BCL Industries zooms on bagging order for ethanol supply

BCL Industries & Infrastructures has been allotted by the Nodal Agency, i.e. BPCL, around 2.50 crore litre of ethanol to be supplied for the period starting from December 1, 2018 to November 30, 2019.

The company had expressed interest to supply 3.80 crore litre and it is expected that the balance quantity of ethanol will be allotted station-wise in the second phase which is likely to be implemented shortly. Of the total 329 crore litre, substantial quantity is still pending to be allotted by the public-sector oil marketing companies (OMCs).

BCL Industries & Infrastructures is engaged in the business of extracting, manufacturing and marketing clarified butter and oil. The promoters holding in the company stood at 60.24 per cent, while Institutions and Non-Institutions held 2.58 per cent and 37.18 per cent, respectively.

Last one week high and low of the scrip stood at Rs. 119.60 and Rs. 105.00 per share, respectively. The current market cap of the company is Rs. 200.92 crore

On Monday, the stock has opened at Rs. 112.80 per share and touched a high/low of Rs.119.60/Rs.106.45, respectively. On 11:52 am, the stock was quoting at Rs. 115 per share which was up by 9.26 per cent on BSE.