BCL Industries Ltd stocks hit 52-week high on Tuesday after the business update that the initial plant testing at the 200 KLPD Ethanol plant of Subsidiary of the Company viz. Svaksha Distiller Limited has begun and 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, said company on Tuesday.
Further, the Subsidiary of the Company has also obtained in principal approval from MoEF for enhancing the capacity by another 100 KLPD at the same premises. The Subsidiary 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 Limited in year 2021‐22 and the proposed expansion plant of 100 KLPD, the total capacity of the Subsidiary of the Company shall be 300 KLPD.
Further, as already informed, the Company (BCL Industries Limited) is also undergoing the expansion at Bathinda Unit by way of 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 the Company (BCL Industries Limited) together with its Subsidiary (Svaksha Distillery Limited) will be 700 KLPD and we will be one of the largest producers of Ethanol from grains in private sector in India.
At around 2:02 PM, BCL Industries was trading at Rs361.95 apiece up by Rs17.2 or 4.99% on Sensex.