BCL Industries’s subsidiary wins Rs 228 crore order for supply of Ethanol from state-run BPCL, HPCL, Indian Oil

Svaksha Distillery, a subsidiary of BCL Industries, has bagged Rs 228 crore order for supplying Ethanol during Ethanol Supply Year (ESY) from state-run Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and others. 

"This is to inform you that the company along with its subsidiary Company (M/s. Svaksha Distillery Limited) had participated in a tender floated by Oil Marketing Companies (OMCs) inviting various molasses and grain based distilleries for supplying Ethanol during Ethanol Supply Year (ESY) commencing from 01/11/2023 till 31/10/2024 at their various locations across the country," the company said in an exchange filing. 

BCL Industries Ltd too has bagged an ethanol supply order worth Rs 339 crore. The supply of ethanol will be completed in two stages — from November 2023 to January 2024 and from February 2024 to April 2024. In these two stages, BCL Industries will supply 4.96 lakh KL of ethanol to the OMCs.

Meanwhile, the company's net profit in Q2 stood at Rs 19.67 crore. The firm had logged a loss of Rs 81 lakh in the year-ago period.

The company said that the profit was driven by a rise in total income.

The total income in the quarter came in at Rs 482.72 crore, which is up from Rs 455.24 crore that it had posted in the same quarter a year ago.

The company added that its expenses in the quarter declined to Rs 452.40 crore from Rs 456.52 crore that it had reported in the same three-month duration in the year-ago period.

BCL Industries is the only company in India and the South Asian region to have a forward and backward integrated ethanol plant.