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BCL Industries Ltd.

BSE: 524332 Sector: Industrials
NSE: BCLIND ISIN Code: INE412G01016
BSE 00:00 | 24 Jun 380.05 7.20
(1.93%)
OPEN

384.80

HIGH

388.00

LOW

375.05

NSE 00:00 | 24 Jun 380.00
(%)
OPEN

379.90

HIGH

383.00

LOW

376.25

OPEN 384.80
PREVIOUS CLOSE 372.85
VOLUME 3731
52-Week high 525.00
52-Week low 191.60
P/E 10.79
Mkt Cap.(Rs cr) 918
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 384.80
CLOSE 372.85
VOLUME 3731
52-Week high 525.00
52-Week low 191.60
P/E 10.79
Mkt Cap.(Rs cr) 918
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

BCL Industries Ltd. (BCLIND) - Chairman Speech

Company chairman speech

It gives me immense pleasure to share with you the 45th Annual Reportof your Company for the financial year ended 31st March 2021.

The year 2020-21 has been challenging year and Covid-19 pandemic hashad a significant impact on lives livelihoods and business. The second wave of theCovid-19 pandemic unfolded with chances of a third wave creating panic to the health andeconomy. During the tough times our focus continued to be on our people's health &safety ensuring uninterrupted supplies meeting the customers' demand caring for thecommunities in which we operate and finally protecting our business model. Despite allthe suffering the unbreakable human spirit reflected in acts of kindness and empathy. Thewhole humanity has come together to fight this global pandemic. Most of the countriesincluding India are now making efforts to emerging from the effects of brutal second waveof COVID-19. I am quite hopeful that the worst will be over soon and better days areawaiting us.

At BCL we have been fortunate enough to be significantly ahead of thecurve in terms of productivity and profitability showing our abilities to navigate throughdifficult times efficiently and achieve new heights.

Despite challenging global and Indian economy scenario we are glad forthe excellent performance exhibited by your company during the year under review. We are abusiness house with interests in edible oil extraction distillery and real estate. Wehave held deep estimations of Trust Commitment and Transparency from time to time. Wehave a strong reputation of development and esteem creation which originates from oursolid assembling capacities very much penetrated geological presence an entire and firstclass item portfolio and best- in-class advancements. Our very proficient administrationgroup supported by a spurred workforce and a solid asset report has strengthened oursituation in the market.

We are focused on turning into a highly manageable business. This yearhas been all about expanding our production capabilities and marking our presence in theother states of India. To capitalize on the ENA demand and supply deficit scenario ofNorth-Eastern India BCL joined hands withregional player M/s Svarna Infrastructure to setup a 200 KLPD state-of-the-art ENA plant at Kharagpur West Bengal under its subsidiaryM/s Svaksha Distillery Limited (SDL). It is expected to commission in FY 2022. The projecthas made headway by procuring the required land at Kharagpur and securing all thestatutory clearances. The Turnkey order has been placed to Praj Industries Ltd. and civilwork is in progress at the project site. The production is expected to commence in FY2021-22.

In addition to the West Bengal expansion the company has obtainedprerequisites like land CLU and interest subvention for the expansion of the distillerycapacity in Bathinda wherein It will add another Grain-Based Biofuel Distillery of 200KLPD which is expected to commission in FY 2022-23.

We are happy to announce in respect to FY 2020-21 a robust set ofnumbers. During the year under review the total Revenue of the Company was Rs.143606.70 Lakhs as against Rs. 92549.91 Lakhs in the previous year showing a massiveincrease of 55.17% over the previous year. The Company has earned a Net Profit after taxof Rs. 4523.57 Lakhs as against Rs. 2600.17 Lakhs in the previous year showing anoverwhelming increase of around 74% in PAT. Earnings Per Share of the Company for thecurrent year 2020-21 has been Rs. 20.12 as against Rs. 13.58 per share (Basic) in theprevious year. The Company has achieved highest ever turnover since inception.

Your directors have made all their efforts to grow in terms of healthyfinancial results of the company and they achieved success in growing the same which isapparent from the financial results of the Company. Your directors are committed to keepthis trend in future also. The Company has achieved highest ever turnover since inception.Your directors are committed to keep this trend in future also.

With the aim to deliver quality value and experience to customers weare continuously innovating and delivering high quality branded products through ourbrands to meet customer needs. We are proud of building our own local brand which hashelped us to serve a large customer base across North India which in turn has helped ourbrands to be well received by the consumers. We continue with our efforts to build ourbrands and are confident that over a period of time we will have our branded productsreaching the consumers all over India.

Your company has begun the journey to mark its presence in the state ofWest Bengal and given the demand and supply gap in the state we see a tremendousopportunity and look to capture a higher market share and become the leader in thedistillery industry in West Bengal. With our diversified business verticals we look togrow our branded edible oil (Homecook Murli and Do Khajoor) and branded liquor (CountryLiquor) and mark our presence amongst the markets and consumers. We have come a long wayand this would have not been possible with the confidence and support of our esteemedshareholders and we look forward to your continuous support in the coming future and growtogether.

Your Directors wish to place on record their appreciation to theCompany's employees suppliers customers & Government authorities for their selflessefforts which helped your Company reach normalcy in operations within few weeks oflock-down. The ownership and responsiveness shown by all the stakeholders is unparalleledand is a testimony of the spirit of this great organisation. Your Company shall review thelong term impact of the pandemic and take all necessary steps to adapt its self to theemerging changes.

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