Do you own shares of this distillery company which bagged massive orders from Reliance Industries?

the company's distillery unit has received an order worth Rs 107 crore from Reliance Industries to supply 1.65 million litres of ethanol.

On Monday, shares of BCL Industries zoomed over 4 per cent to make an intraday high of Rs 393. The scrip witnessed a massive spurt in volume of more than 1.68 times.   

On October 18, 2022, the company and its subsidiary company participated in a tender floated by Oil Marketing Companies (OMCs) inviting various molasses and grain-based distilleries to supply ethanol at various locations across the country.  

According to the company's most recent press release, they have been allocated 4.9 crore litres of ethanol with an order value of Rs 285 crore to supply to the OMCs. Furthermore, the company's distillery unit has received an order worth Rs 107 crore from Reliance Industries to supply 1.65 million litres of ethanol.  

Svaksha Distillery, the subsidiary company, has been allocated 3.65 crore litres of ethanol with an order value of around 213 crore to supply OMC's. In addition, the unit has received an order worth Rs 56 crore to supply 89 lakh litres of ethanol to Reliance Industries.  

Incorporated in 1976, BCL Industries Ltd Limited is a part of Mittal group. The company is in the edible oil and distillery business in India. In the distillery segment, the company has a long-standing relationship with key clients, like Pernod Ricard, Radico Khaitan, Punjab Chemicals and Crop protection limited etc.  

The company is showing some positive traction, surging over 18 per cent in the last 5 trading sessions while giving over 23 per cent returns on YTD basis.  Keep a close eye on this trending stock