National News

BCPL Infra subsidiary ‘BCL Bio Energy’ gets stage-1 clearance for ethanol production

BCPL Railway Infra proposed subsidiary ‘BCL Bio Energy Pvt Ltd' has secured the Provisional Stage-1 clearance from the government of Bihar for production of ethanol from grains

PSU Watch Bureau

New Delhi: BCPL Railway Infrastructure Limited on Thursday announced that its proposed subsidiary, BCL Bio Energy Private Limited has been granted provisional stage-1 clearance for production of ethanol from grains like Maize, Rice for blending with petrol. As per the Bihar Industrial Investment Promotion Rules 2016 by the government of Bihar, Department of Industries and Secretariat of State Investment Promotion Board this is the first stage clearance. This information has been shared by the BCPL in a regulatory filing to the stock exchange on Thursday.

This clearance enables BCL Bio Energy Private Limited to apply for further clearances as required under the Bihar Industrial Investment Promotion Rules 2016.

ALSO READ:

Commenting on the development BCPL's Chairman Aparesh Nandi said, "We at BCPL Railway Infrastructure Limited are pleased to inform our stakeholders that our proposed subsidiary company 'BCL Bio Energy Private Limited' has started its journey and has been granted the Stage – I clearance by the Government of Bihar, Department of Industries, Secretariat of State Investment Promotion Board.

We are hopeful that the other clearances as required under the Bihar Industrial Investment Promotion Rules 2016 will be granted to us by the concerned department very shortly. The project involves the production of Ethanol from grains like maize, rice etc. at Purnia, Bihar or any other suitable place. It would be operational in around 14 months and its commercial production is expected to be reflected in the accounts of FY23 onwards."

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. You may follow us on Google News. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

GRSE signs MoU with Germany’s Reintjes GmbH to enhance marine propulsion capabilities

RITES, iSky Transport sign MoU to explore sustainable urban mobility solutions

Finance Ministry working on strategy to insulate economy from geo political shocks: DIPAM Secy

NSDL's Rs 4,011 crore IPO subscribed 41 times on final day of offer

India Post Payments Bank starts Aadhaar-based face authentication for digital banking