This year has been all about expanding our production capabilities and marking presence in the other states of India. During the year 2018-19 the Company had converted 50% capacity of Distillery capacity into Ethanol and started supply to the OMC's from December'18. BCL has Received supply order of 3.2 Cr. Litres of Ethanol from the OMCs for the period starting from 01/12/2018 to 30/11/2019.
It gives me great pleasure to share with you the 43rd Annual Report of your Company for the year ended 31st March 2019. It has been an important year for us as we have successfully and consistently performed and grown from strength to strength.
The global economy faced many challenges and recorded a growth of 3.6% in 2018. During the second half of the year however the global economy lost some momentum mainly on account of the increased trade frictions between the US and China and the tightening of financial conditions.
The IMF expects global growth to decelerate to 3.3% in 2019 and its projections suggest that all three major elements of the global economy viz. US China and Euro area are likely to decelerate in 2019. On the positive side however IMF expects world economic output to recover and grow at 3.6% in 2020. Of late there have been a few growth- supportive factors such as the announcement of economic stimulus in China and halt to the process of monetary policy tightening in developed countries.
Indian economy showed mixed record and GDP growth slowed from 7.2% in FY18 to 6.8% in FY19. Following the strong political mandate for the ruling Government there are expectations of further economic reforms and infrastructure investments. These are reflected in strong inflows in the capital market taking equity indices to record levels.
India's medium-term growth prospects continue to be robust. Significant reforms undertaken in the recent years such as GST and insolvency code would raise India's growth potential in the coming years amplifying the effect of the long-term structural cornerstones of the Indian growth story such as demography and urbanisation. In the near-term however uncertainty over the forthcoming monsoon season and the heightened global risks present headwinds for FY20.
Despite challenging global and Indian economy scenario we are glad for the outstanding performance exhibited by the Company during the year under review. We are an enhanced business house with interests in edible oil extraction distillery and real estate. Our adventure of advancement is the declaration of our deep estimations of Trust Commitment and Transparency that we held from time to time. We have a strong reputation of development and esteem creation which originates from our solid assembling capacities very much penetrated geological presence an entire and first class item portfolio and best- in-class advancements. Our very proficient administration group supported by a spurred workforce and a solid asset report has strengthened our situation in the market.
We are focused on turning into a highly manageable business. This year has been all about expanding our production capabilities and marking presence in the other states of India. During the year 2018-19 the Company had converted 50% capacity of Distillery capacity into Ethanol and started supply to the OMC's from December'18. BCL has received supply order of 3.2 Cr. Litres of Ethanol from the OMCs for the period starting from 01/12/2018 to 30/11/2019.
Looking at the opportunity in the ethanol industry in West Bengal we are looking to capitalise on it. BCL via its Subsidiary i.e. Svaksha Distillery Limited is coming up with India's largest grain based Distillery of 200 KLPD at Kharagpur West Bengal. The new plant is expected to commission in the FY2019-20 and is expected to put the Group as the No.1 Grain based ENA-Ethanol manufacturer in the country.
Buoyed by continuous increasing demands in edible oils and the Government's constant push of decreasing imports BCL surpasses the magical turnover figure of ? 9000 Mn for the Financial Year 2018-19 as its highest ever revenue in its operational span of 43 years. The year 2018-19 also witnessed the highest ever EPS EBIDTA and Net Profit in BCL's corporate history.
This year has been all about growing and we're proud to record revenues of ? 9036.8 Mn as against ? 8575.55 Mn showing a growth of 5.38%. The Company has earned a Net Profit after tax of ? 414.3 Mn as against ? 183.97 Mn in the previous year showing a massive increase of 125.20% over the previous year. The Edible Oil business accounted for 60% of the revenue of 2018-19. The Distillery business contributed 36% to the total revenue of 2018-19. With the increase in demand of Ethanol in Punjab increased production capacity presence in West Bengal and our own branded liquor we are expecting this segment to be giving us higher growth and revenues over the coming years. The real estate business also has performed fairly well for the company.
With the aim to deliver quality value and experience to customers we are continuously innovating and delivering high quality branded products through our brands to meet customer needs. We are proud of building our own local brand which has helped us to serve a large customer base across North India which in turn has helped our brands to be well received by the consumers. We continue with our efforts to build our brands and are confident that over a period of time we will have our branded products reaching the consumers all over India.
Given the government support towards the domestic edible oil industry and to support the farmers the government has levied heavy duty on the imports of edible oil. This is a great period for the industry and going forward we look forward to benefiting from it and with the increased production capacity we expect to see a higher growth from this industry. The company is also in works to shift its edible oil plant which will save at least ? 120 Mn per annum on the account of power & fuel expenses and thus improves the margins.
Your company has begun the journey to mark its presence in the state of West Bengal and given the demand and supply gap in the state we see a tremendous opportunity and look to capture a higher market share and become the leader in the distillery industry in West Bengal. With our diversified business verticals we look to grow our branded edible oil (Homecook Murli and Do Khajoor) and branded liquor (Country Liquor and IMFL) and mark our presence amongst the markets and consumers. We have come a long way and this would have not been possible with the confidence and support of our esteemed shareholders and we look forward to your continuous support in the coming future and grow together.