Friday 17th September 2021

Bengal Chemicals & Pharma Ltd, creates history it earns Net Profit after six decades

May 17th, 2017 2:35 pm | By | Category: LATEST NEWS

P.M. CHANDRAIAH MD and Director Finance,BPCL

P.M. CHANDRAIAH
MD and Director Finance,BPCL


THE NEWSMAN OF INDIA.COM (Exclusive)
Bengal Chemicals & Pharmaceuticals Ltd
of which P.M. Chandriah is Managing Director and Director Finance, Today BCPL Board has approved the Annual Accounts of 2016-17. During the year, first time in its history of 120 years, BCPL has achieved a Net Profit of Rs.4.51 Crores in 2016-17 against a Loss of Rs.36.55 crores reported in 2013-14. the result shows an incredible and efficient leadership and team work of BCPL under the command of P M Chandriah who has shown outstanding skills when it comes to result orientation for this CPSE.

(A) BCPL Became a Profit making TURNAROUND Company after six prolonged decades of reporting Losses thereby created a World History;

(B)Became the FIRST CPSE to finalise it’s Annual Accounts by 17th May 2017 – data compared with all listed CPSEs,

(C) Finalised 5 years incl pending Annual Accounts and 8 years pending Tax Audits within a period of 30 months ie after my joining BCPL in November 2014;
(D) MoU and Corporate Governance ratings
improved from POOR till 2013-14 to EXCELLENT from 2015-16;

(E) Repaid 50% of It’s outstanding Bank Loans in 2016-17 which is also a first time in its history as Govt.company since 1977.

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