Edible oil company stock zooms 4% after receiving supply order from Reliance, OMCs1 min read . Updated: 05 Dec 2022, 11:23 AM IST
- The company along with its subsidiary participated in a tender floated by OMCs on October 18, 2022 --- where various molasses and grain-based distilleries were invited for supplying ethanol for the period commencing December 1, 2022, to October 31, 2023.
BCL Industries stock rallied on Monday after the company bagged an order for a supply of Ethanol to major oil marketing companies (OMCs) like Reliance Industries and others. The supply order totalled to approximately ₹661 crore. On Dalal Street, BCL shares climbed more than 4% in the early hours as investors give thumbs up to the development. The stock traded near its day's high.
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