BCL Industries Limited’s Board of Directors, at a meeting held on October 3, 2024, approved the acquisition of M/s. Goyal Distillery Private Ltd.
The company announced that it is in the process of acquiring Goyal Distillery, which is located in Fatehabad, Haryana, and possesses the necessary land and permissions for establishing a 250 KLPD grain-based ethanol unit.
According to the company, this strategic acquisition will enable BCL to further expand its production capabilities by setting up a 250 KLPD grain-based ethanol plant along with a power plant that will utilize paddy straw as the primary fuel source. This distillery can be commissioned in nearly half of the time generally required, as all necessary clearances are already in place. As a result, BCL’s total distillery capacity will increase from present 700 KLPD to 1100 KLPD after the addition of 150 KLPD in its Bathinda unit and 250 KLPD at the newly acquired Fatehabad (Haryana) unit
This move is expected to significantly strengthen BCL’s position as a leader in the grain-based ethanol manufacturing sector in India. Post-acquisition, ‘Goyal Distillery’ will become a wholly owned subsidiary of BCL Industries Ltd.
The company also plans to establish a biogas plant having around 20 MTPD capacity on an adjacent 9-acre plot of land, being specifically acquired for this purpose. This biogas plant will utilize around 250 MT of paddy straw per day, further reinforcing BCL’s dedication to sustainable energy solutions.
The total Capex for establishing the distillery and biogas plant at Fatehabad (Haryana) is estimated at around Rs. 350 crore and the expected timeline is about 20 months from the date of ground breaking.
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