Bengal Chemicals posts profit after 63 years

Cutting procurement costs, blocking financial leakages helped it post Rs 4 crore gain

After 63 years, Bengal Chemicals and Pharmaceuticals (BCPL) has posted an annual profit, of Rs 4 crore, in the financial year 2016-17 (FY17).

In 1977, the Union government took over the management of the company, founded by chemist and entrepreneur P C Ray in 1901. It was nationalised in 1981.

In FY17, the company earned Rs 111 crore, about two per cent less than what it earned in 2015-16. But, it made a profit, compared to a loss of Rs 9 crore FY16.

A senior company official said the company achieved a gross margin of Rs 23 crore in the