Bengal Chemicals turns around with Rs 95cr income in April-Dec

Bengal Chemicals & Pharmaceuticals Ltd (BCPL) has registered its highest-ever income in its 120 years of history, by earning Rs 95.5 crore in the first nine months of the current fiscal against Rs 94.8 crore in the entire 2017-18 financial year.

"The company also registered a profit of Rs 15 crore during the April-December 2018-2019 period against Rs 10 crore profit in the entire 2017-18," BCPL managing director P M Chandraiah said.

Bengal Chemicals had reported a net loss of Rs 36.55 crore in 2013-14, but since then the company has not only made a turnaround but is also steadily improving its profits, he said.

During the last 2 years, Bengal Chemicals has prepaid bank loan of Rs 28 crore which was drawn in 1983, Chandraiah said.

Chandraiah also said he had written to the Ministry of Chemicals and Fertlizers for pay-scale revision of its 250 employees to bring salaries on par with the 2007 pay scales of public sector employees.