Balaji Amines shines on commissioning DME production plant at Solapur facility
Balaji Amines is currently trading at Rs. 1855.00, up by 27.15 points or 1.49% from its previous closing of Rs. 1827.85 on the BSE.
The scrip opened at Rs. 1849.95 and has touched a high and low of Rs. 1897.00 and Rs. 1838.80 respectively. So far 18454 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1946.00 on 07-Jul-2025 and a 52 week low of Rs. 905.15 on 02-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1,897.00 and Rs. 1,148.45 respectively. The current market cap of the company is Rs. 6005.20 crore.
The promoters holding in the company stood at 54.59%, while Institutions and Non-Institutions held 4.44% and 40.97% respectively.
Balaji Amines has successfully commissioned its Dimethyl Ether (DME) production plant at its Unit-IV facility located in Chincholi MIDC, Solapur, with commercial production commencing from May 20, 2026. With this achievement, Balaji Amines is the only company in India to manufacture DME on a commercial scale.
DME is considered as a clean and efficient alternative fuel that can be blended with LPG. In several Western and European countries, DME is widely used by blending up to 20% with LPG. The company has established a technologically advanced plant with an annual production capacity of 1,00,000 Metric Tonnes. The basic engineering technology for DME has been sourced from a foreign company.
