Ethanol maker BCL Industries shares zoom around 5% on order win - Check Details

Share of ethanol shaper BCL Industries gained astir 5 per cent to deed an intraday precocious of Rs 56.74 connected Wednesday. The antagonistic had closed astatine Rs 53.97 successful the past trading session. The scrip ended the league successful greenish astatine Rs 56.26.

The 52-week precocious of the antagonistic is Rs 86.25 and the 52-week debased is Rs 46. The marketplace headdress of BCL Industries is Rs 1,660 crore 

The question successful the banal terms came pursuing the quality that the institution has won an bid for a proviso of 60 lakh litres of Extra Neutral Alcohol (ENA) from Rajasthan State Ganganagar Sugar Mills.

This is 1 of the multibagger stocks that has fixed a affirmative instrumentality of 145 per cent successful 3 years and 70 per cent successful 2 years. However, it has fixed a antagonistic instrumentality of 2.50 per cent successful 1 year. 

Earlier successful February, the institution secured an bid for supplying 53 lakh litres from Rajasthan State Ganganagar Sugar Mills Limited. By November 30, BCL said that it would beryllium completing the proviso of astir 80 lakh litres.

Meanwhile, BCL Industries plans to put Rs 350 crore to acceptable up a biogas works and a distillery successful Haryana.

The institution is making efforts to standard up its greenish initiatives and volition acceptable up a biogas works of astir 20 MTPD (Metric Tonne Per Day) capableness successful Fatehabad, the institution spokesperson said.

"This biogas works volition utilise 250 MT of paddy straw per day. The full capex for establishing the distillery and biogas works astatine Fatehabad is estimated astatine astir Rs 350 crore," helium added.

The expected timeline for the task is astir 20 months from the day of groundbreaking.