Please find attached the declaration for disinvestment of 22 % shareholding of BCL Bio Energy Private Limited, subject to approval of the members at the ensuing meeting. Post disinvestment, ....
BCPL · price
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BCPL Railway Infrastructure's board has approved disinvesting its 22% stake in BCL Bio Energy Private Limited, reducing its holding from 51% to 29%. After this, BCL Bio Energy will cease to be a subsidiary of BCPL. Phoenix Overseas Limited will increase its stake to 51% and become the new holding company. BCL Bio Energy runs a 300 tonnes-per-day solvent extraction plant in Burdwan, West Bengal, which began commercial operations in FY 2024-25 and posted turnover of Rs 28.90 crore. BCPL said the bio energy business is outside its core railway infrastructure focus and needs management bandwidth it cannot provide. The deal is for cash, priced as per a statutory valuation report, and is subject to shareholder approval.
Shareholders should note that BCPL is exiting day-to-day control of a non-core subsidiary that is still in the stabilisation phase with limited operating history. The move may free up management focus on the core railway infrastructure business, but it also means giving up potential upside from the bio energy venture once it matures.