BCL Industries Ltd. (BSE: BCL) has become the recipient of a 17% increase in its approved 18.25 crore litres of ethanol for the ESY 2024-25 period. BCL became approved to produce 18.25 crore litres after being allowed 16.94 crore litres a year before ESY 2023-24. The increase is on the account of BCL’s subsidiary, M/s. Svaksha Distillery Limited, that increased capacity by 100 KLPD (kilolitres per day) in raise FY2023-24. This increase in production highlights the increasing prominence of BCL in the ethanol market in India being one of the major plays in the ethanol industry.
BCL Industries stock rose by 3.59% on Thursday and closed at 57.69 Rs with the previous close being 55.77 Rs and a high range of 57.93 in day trading. The maximum level registered in the stock during its 52 weeks trading mark is Rs 86.30 which has been compared to a low of Rs 45.14 during the period.
