The company has announced that it has received the Consent to Establish (CTE) from the Uttar Pradesh Pollution Control Board (UPPCB) for the expansion of its plant capacity to 10,000 TCD (tons of cane per day).

BCML is one of the most efficient integrated sugar producers in the country. The company has grown its capacity through well-planned capacity expansion projects and the acquisition of existing companies over recent years. The allied businesses of the company comprise distillery operations and cogeneration of power.

In just 2 years of span, the stock gave multibagger returns of Rs 272.48 per cent.  

The government announced that the goods and services tax (GST) on sugar will be reduced from 18 per cent to 5 per cent and will also increase the sugar export quota for the financial year 2022-2023.

A 100-bagger is simply a stock that jumps from Re 1 to Rs 100. These are rare gems and many well-known investors have turned wealthy because some of the stocks in their portfolios have become a 100-bagger.