BCL Industries’ stock jumped by 4% after the company bagged a Letter of Acceptance (LOA) for supplying 60 lakh liters of Extra Neutral Alcohol (ENA) from its Bathinda distillery in Punjab.
The contract, effective for the next 6 months, also includes an option for the buyer to increase the order by an additional 50%. This follows a successful previous order to M/s. Rajasthan State Ganganagar Sugar Mills, with the company set to fulfill a total of around 80 lakh liters of ENA by November 30, 2024.
As of 1:23 pm, BCL Industries shares were trading 3.97% higher at Rs 56.11 on the NSE.
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