spot_imgspot_imgspot_img
10 C
Lucknow
Friday, February 3, 2023
spot_imgspot_imgspot_imgspot_img

BCPL Railway-led subsidiary secures provisional Stage-I clearance for ethanol production from Bihar govt


BCPL Railway Infrastructure Limited has updated its esteemed stakeholders that the Company’s proposed subsidiary ‘BCL BIO ENERGY PRIVATE LIMITED’ has been granted Provisional Stage-I clearance for production of Ethanol from grains like Maize, Rice for blending with petrol, as per the Bihar Industrial Investment Promotion Rules 2016 by the Government of Bihar, Department of Industries, Secretariat of State Investment Promotion Board.

This is the first stage clearance and this enables the said subsidiary company to apply for other clearances as required under the Bihar Industrial Investment Promotion Rules 2016.

Commenting on the same, Aparesh Nandi, Chairman said, “We at BCPL Railway Infrastructure Limited are pleased to inform our stakeholders that our proposed subsidiary company ‘BCL Bio Energy Private Limited’ has started its journey and has been granted the Stage – I clearance by the Government of Bihar, Department of Industries, Secretariat of State Investment Promotion Board.

We are hopeful that the other clearances as required under the Bihar Industrial Investment Promotion Rules 2016 will be granted to us by the concerned department very shortly. The project involves the production of Ethanol from grains like maize, rice etc at Purnia, Bihar or any other suitable place. It would be operational in around 14 months and its commercial production is expected to be reflected in the accounts of FY23 onwards.”

At around 11:34 AM, BCPL Railway was trading at Rs54 per piece down by Rs0.75 or 1.37% on Sensex.





The above news was originally posted on www.indiainfoline.com

close
Related
Balrampur Chini Mills to expand ethanol capacity to 1050 KLPD; Stock sheds 2%

Sign up to receive awesome content in your inbox, every week

Oh hi there 👋 It’s nice to meet you.

We don’t spam! Read our privacy policy for more info.

Promotion
Promotion
Promotion
close

Sign up to receive awesome content in your inbox, every week

Oh hi there 👋 It’s nice to meet you.

We don’t spam! Read our privacy policy for more info.

Related Articles

Stay Connected

22,907FansLike
3,692FollowersFollow
20,500SubscribersSubscribe
- LATEST ISSUE -spot_img

Latest Articles

%d bloggers like this: