Introduction:
Prominent oil company has received an order from Rajasthan State Ganganagar Sugar Mills Limited to supply 60 lakh liters of Extra Neutral Alcohol (ENA) over six months, with a potential 50% additional supply, following a previous 53 lakh liter order.
Share price movement of BCL Industries:
On November 27, 2024, BCL Industries Ltd opened at ₹54.94, up 1.80% from its previous close of ₹53.97. The stock hit a high of ₹56.74 and a low of ₹53.88. The stock closed at ₹55.70, reflecting a 3.21% increase. The market cap stands at ₹1,644.06 crore.
BCL Industries Secures ENA Order:
BCL Industries Limited announced receiving a letter of acceptance from Rajasthan State Ganganagar Sugar Mills Limited to supply 60 lakh liters of Extra Neutral Alcohol (ENA) over the next six months, with a potential 50% additional order.
The order is set to be fulfilled from the company’s Bathinda distillery, with an additional 50% of the order available for supply at the buyer’s discretion. This order follows a previous commitment of 53 lakh liters, due for completion by November 30, 2024.
The company highlighted that by the end of November, it would have supplied approximately 80 lakh liters of ENA to the buyer. This update serves as a general business announcement for stakeholders and the public.
Recent news on BCL Industries:
As of November 18, 2024, BCL Industries reported a strong Q2 performance for FY24-25, with a 36.04% increase in PAT and 23.5% rise in net sales. The company has improved debt management, though concerns about non-operating income persist.
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Stock performance of BCL Industries for Period of 1 week, 6 months and 1 year:
BCL Industries has demonstrated strong recent performance, with a 5.12% return over the past week. Over the last six months, the company recorded a 9.57% return. However, its return over the past year is relatively modest at 0.54%, reflecting mixed long-term performance.
Shareholding pattern of BCL Industries:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 57.80% | 59.50% | 56.10% |
| FII | 1.80% | 4.80% | 6.40% |
| DII | 0% | 0% | 0% |
| Public | 40.40% | 35.70% | 37.50% |
About the company BCL Industries:
BCL Industries Limited (NSE: BCLIND), established in 1976, is one of India’s largest agro-processing companies. It operates in edible oils, rice milling, grain-based distillery, and real estate, with a presence in Punjab and West Bengal.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
