Dalmia Bharat Sugar soars on getting nod to set up Greenfield Sugar Plant in Uttar Pradesh
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Dalmia Bharat Sugar And Industries is currently trading at Rs. 477.05, up by 9.70 points or 2.08% from its previous closing of Rs. 467.35 on the BSE.
The scrip opened at Rs. 483.75 and has touched a high and low of Rs. 490.05 and Rs. 471.30 respectively. So far 16860 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 490.05 on 7-Nov-2023 and a 52 week low of Rs. 310.50 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 490.05 and Rs. 444.15 respectively. The current market cap of the company is Rs. 3782.70 crore.
The promoters holding in the company stood at 74.91%, while Institutions and Non-Institutions held 1.21% and 23.88% respectively.
Dalmia Bharat Sugar and Industries’ board has accorded its in-principal approval for setting up a Greenfield Sugar Plant in Uttar Pradesh for a capacity of upto 8000 TCD cane crush, 20MW Cogen and 60KLPD distillery to be set up in phased manner commensurate with the cane development activities in the area.
For the first phase of 4000 TCD cane crushing capacity with 10 MW Cogen (to be operational from SS 26-27), the Board has sanctioned a capital outlay of Rs 350 crore, which will get financed partly through internal accruals and partly through debts. The existing capacities are Sugar – 38450 TCD, Distillery – 710 KLPD and Cogen – 126 MW. Same are 100% utilized. The Board of Directors of the Company has, at its meeting held on November 06, 2023, accorded its in-principal approval for the same.
Dalmia Bharat Sugar and Industries has been one of the fastest-growing success stories in the Indian sugar industry. The company is mainly engaged in manufacturing of sugar, generation of power, manufacturing of Industrial alcohol and manufacturing of refractory products.
