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Gainers / Markets
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Thu Sep 07 2023 14:56:54

Multibagger
TOP GAINERS stock BCL Industries inches close to
TOP LOSERS

life-time
Larsen & Toubro
high after
2,843
expansion buzz
share price
3 min read 07 Sep4.12%
2023, 02:58 PM IST
Asit Manohar
Tech Mahindra share 1,268.8
price 1.65%
Multibagger stock: BCL Industries shares today climbed to intraday high of ₹502
apiece levels, which is around 6% away from its record high of ₹534.50 per share
HCL Technologies
levels 1,253.5
share price 1.44%

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Multibagger stock: BCL Industries share price has risen from around ₹50 to ₹500
apiece levels in last three years, delivering 900% return to its long term
Active Stocks shareholders. (Bloomberg)
Thu Sep 07 2023 14:54:37

Tata Steel share price Multibagger

130.25 stock: BCL Industries shares are one of the
0.58%
multibagger stocks that Indian stock market has produced in
NTPC share price
recent
234.4
years, especially in post-Covid rebound. This
1.08%
multibagger stock has risen from around ₹50 to ₹500 apiece
levels in last three years, delivering a whopping 900 per cent
State Bank Of India 576.8
share price return
1.11% to its positional shareholders in post-Covid stock market

rebound. However, it seems that the stock still has some steam
Tata Motors share 614.65
price left.
0.72%

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BCL Industries share price today opened with an upside gap

and went on to hit an intraday high of ₹502 per share on NSE,
which is around 6 per cent away from its current life-time high of
₹536.35 apiece.

BCL Industries news

The multibagger stock has recently announced expansion
plans. As per its latest Indian stock market exchange filing, the
leading distillery industry player in India has said that the group
has plans to take up the overall production capacity to 850
KLPD in next two years amid rising demand.

West Bengal expansion

"To capitalize on the ENA supply demand deficit scenario of
North-Eastern India, BCL installed 200 KLPD state-of the-art
ENA plant at Kharagpur, under its subsidiary M/s. Svaksha
Distillery Limited. After stabilizing the operations of phase 1,
Company started phase 2 wherein additional capacity of 100
KLPD is being installed. The company has received the
necessary clearances for expansion and has placed all major
machinery orders. The company expects to commission this
expansion by Dec 23 with a project cost of around ₹90 crore,"
the company said.

Bathinda expansion
The company commissioned its 200 KLPD ethanol dedicated Advertisement

plant in July at Bathinda. The total cost of the project was

around INR 205 Crores and should give the company revenues
of around INR 550 Crores per annum moving forward. To hedge
against the rising fuel costs, the company commissioned a
boiler fired on paddy straw along with its 200 KLPD ethanol
plant at Bathinda. This will help the company in diversifying its
fuel needs as paddy straw is one of the toughest biomass to
utilize and hence very few buyers for paddy straw. This boiler
qualifies for the state government scheme in which SGST on
the capex of boiler will be refunded. The capex on this boiler
was around ₹40 Crores.

With the company’s state of the art fully integrated, multi-

feedstock and modern plants located at Punjab and West
Bengal, BCL has an installed capacity of 600 kilo litres per day
(KLPD) with expansion plans up to 850 KLPD. The distillery
segment has best in class machineries and state of the art
infrastructure which makes it a zero discharge and energy
efficient sustainable business model, setting an example for
efficient water management and effluent management
processes.

The Company can run its units on multiple raw materials like
rice, maize, millets depending upon the availability of the same.
The plant setup has been done in a way that the production of
ENA and Ethanol can be controlled as per the requirement and
the switch from ENA to Ethanol and vice versa can be done in
no time which is an USP of BCL, which most of the distillers in
the country do not have presently. Both Distilleries of the
Company have ample land bank, steam and power for future
expansion requirements whenever the Company decides to do
so. Considering the Govt. of India Policy to go for higher mixing
of ethanol in Petrol, the expansion opportunity for the Company
is huge in the ethanol production sector.

Disclaimer: The views and recommendations made above are

those of individual analysts or broking companies, and not of
Mint. We advise investors to check with certified experts before
taking any investment decisions.

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Updated: 07 Sep 2023, 03:00 PM IST

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