Top honour for Bengal Chemicals Pharmaceuticals Limited

first_imgKolkata: Bengal Chemicals & Pharmaceuticals Limited (BCPL) has bagged — Excellent Corporate Governance Rating — from the department of Public Enterprises for the third consecutive time this year. The company that had reported a net profit of Rs 4.5 crore in 2016-17, for the first time in six decades, has achieved such ratings consecutively for the last three years — 2015-16, 2016-17 & 2017-18.Founded by the legendary chemist, Acharya Prafulla Chandra Roy, in 1901, BCPL has improved its performance from Poor Corporate Governance Rating in 2013-14 to Excellent Corporate Governance Rating from 2015-16 onwards. Also Read – Rain batters Kolkata, cripples normal lifeOut of the 13 PSUs, which falls under the union Ministry of Pharma and Ministry of Health & Family Welfare, BCPL is the only PSU which has been awarded the Excellent Corporate Governance Rating for the year 2017-18. PM Chandraiah, MD of BCPL said the Excellent Corporate Governance Rating shows the Company has improved not only in the financial front but also in other areas. “This achievement has been possible due to the collective efforts of all the employees. We are hopeful of bagging the status of a Miniratna company by 2021-22. We have an income of Rs 60 crore after the end of the 2nd quarter (April to September) and our net profit is Rs 11 crore. The increase has been over 47 percent in comparison to last year’s corresponding period,” he said adding that with the current progress, the company is eyeing Rs 30 crore profit in 2019-20.last_img

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