BCL Industries arm to set up bio-diesel plant with an investment of ₹150 crore – CNBC TV18

Recycling player BCL Industries Ltd on Tuesday (December 17) said its subsidiary, Svaksha Distillery Ltd, has received approval to establish a 75-kilolitre-per-day (KLPD) bio-diesel plant at its Kharagpur facility. The project will also include an oil extraction plant and is estimated to cost ₹150 crore.

“M/s. Svaksha Distillery Limited (subsidiary company) in its normal course of business has received consent to establish a 75 KLPD Bio-Diesel plant along with an oil extraction plant at its Kharagpur unit with an estimated project cost of INR 150 crore,” BCL Industries said in a regulatory filing.

Also Read: CNBC-TV18 Newsbreak Confirmed: Gravita India launches ₹750 crore QIP with option to upsize

Also, BCL Industries said it has received environmental clearance (EC) to establish another 150 KLPD ethanol manufacturing plant at its Bathinda distillery, with work slated to begin in the coming months.

“Additionally, the work on 75 KLPD Bio-Diesel plant at Bathinda distillery is going on in full swing and the site progress updates are available on the website of the company,” it added.

Also Read: Wipro to acquire 100% stake in US firm Applied Value Tech and its affiliates for $40 million

BCL Industries is one of the largest grain-based manufacturers of ENA and ethanol in India. Shares of BCL Industries Ltd ended at ₹51.63, down by ₹1.45, or 2.73%, on the BSE.