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This sugar stock records the highest profit in the last 8 quarters; board-approved commissioning of a new CO2 plant
This sugar stock records the highest profit in the last 8 quarters; board-approved commissioning of a new CO2 plant

This sugar stock records the highest profit in the last 8 quarters; board-approved commissioning of a new CO2 plant

Company witnessed a notable surge in its stock price today, climbing by 9.15 per cent to reach its day high, supported by its strong Q3FY24 results.

DSIJ Intelligence Article rating: 3.5

The company is in the process of commissioning a new CO2 plant. The new plant will have an Investment of Rs 3 crores and will be financed through borrowings from a bank. The rationale for the new plant is to convert waste molasses fermentation into liquefied carbon dioxide and dry ice. This process has several benefits, including environmental and economic benefits.

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