BCL Industries Ltd, a leading player in the recycling sector, announced on Tuesday (December 17) that 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, which includes an oil extraction plant, is expected to cost ₹150 crore.
In a regulatory filing, BCL Industries confirmed that Svaksha Distillery Ltd had received consent for the bio-diesel plant as part of its regular business activities. This initiative aims to bolster the company’s position in the biofuels sector, with the Kharagpur plant marking a significant investment in sustainable energy production.
In addition to the bio-diesel plant, BCL Industries revealed that it has also secured environmental clearance for a 150 KLPD ethanol manufacturing plant at its Bathinda distillery, with construction set to begin in the coming months. Work on another 75 KLPD bio-diesel plant at the Bathinda facility is also progressing as planned, with updates available on the company’s website.
BCL Industries, one of India’s largest grain-based manufacturers of ENA and ethanol, continues to expand its operations with a focus on renewable energy and biofuel production.
Shares of BCL Industries Ltd ended the day at ₹51.63, down by ₹1.45, or 2.73%, on the BSE.
