Dhampur Bio Organics soars on getting nod to expand sugar units capacity by 4000 TCD
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Dhampur Bio Organics is currently trading at Rs. 172.05, up by 12.95 points or 8.14% from its previous closing of Rs. 159.10 on the BSE.
The scrip opened at Rs. 179.80 and has touched a high and low of Rs. 179.80 and Rs. 168.35 respectively. So far 27401 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.00 on 19-Dec-2022 and a 52 week low of Rs. 115.20 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 179.80 and Rs. 151.15 respectively. The current market cap of the company is Rs. 1056.23 crore.
The promoters holding in the company stood at 50.22%, while Institutions and Non-Institutions held 5.81% and 43.98% respectively.
Dhampur Bio Organics has received approval for expansion of sugar units capacity by 4000 Tonnes Crushing per day (TCD) each at Unit Meerganj, Uttar Pradesh from 5,000 TCD to 9000 TCD. With the proposed expansion, the total capacity of the Company will stand augmented from 22000 TCD to 26000 TCD. The Board of Directors at its meeting held on April 25, 2023, has approved the same.
Dhampur Bio Organics (DBOL) has the largest Pharma sugar mill in India. It is one of the best sugar factories manufacturing raw and refined sugar.
