Jiya Eco develops new product

In-line with the government's emphasis on using agriculture waste as industrial fuel, the company's R&D team had developed a product called as Processed Agriculture waste. Reacting to this, the stock of Jiya Eco-Products Limited was trading up by more than 2 per cent on Thursday.

The new affordable product can be used in any industry and is already sold to companies. It can be used as a substitute to coal, lignite and wood. The company has received positive feedback from its clients, said the company's filing to the exchange.

Jiya Eco's sales team has started marketing the product in Gujarat and the company plans to expand to other states soon. For Q1FY19, the company's total sales were Rs. 47.6 crore with profits of Rs. 6.14 crore. The company expects a step-up growth in sales and profit due to the launch of this product.

At 10:00 hours, the stock of Jiya Eco-Products Limited was trading at Rs. 118.90 per share, up by 2.19 per cent, while the benchmark index BSE Sensex was trading at 38302.56, up marginally on Thursday.