BCL Industries has been granted a higher ethanol supply allocation by Oil Marketing Companies (OMCs) for the current fiscal year, which is expected to increase its revenue potential.

The new allocation for 2024-25 is 18.25 crore litres, up from 16.94 crore litres in 2023-24. This increase follows the company's participation in a tender issued by OMCs under the Ethanol Supply Year (ESY 24-25) program.

As a result of this announcement, BCL Industries shares experienced a slight decline of 0.73% on the NSE, trading at Rs 56.93. However, the stock had previously risen by 3.61% on October 23. The company's financial performance is expected to benefit from the increased ethanol supply allocation as it continues to work with OMCs in various locations across the country.