Organic Recycling Systems gains on entering into MoU with Mahanagar Gas
Organic Recycling Systems is currently trading at Rs. 207.00, up by 3.80 points or 1.87% from its previous closing of Rs. 203.20 on the BSE.
The scrip opened at Rs. 207.00 and has touched a high and low of Rs. 212.00 and Rs. 203.00 respectively. So far 51300 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 214.00 on 06-Oct-2026 and a 52 week low of Rs. 137.33 on 27-Mar-2026.
Last one week high and low of the scrip stood at Rs. 212.85 and Rs. 200.10 respectively. The current market cap of the company is Rs. 320.25 crore.
The promoters holding in the company stood at 18.10%, while Institutions and Non-Institutions held 0.15% and 81.75% respectively.
Organic Recycling Systems has entered into a Memorandum of Understanding (MoU) with Mahanagar Gas (MGL) to explore potential opportunities in the Compressed Biogas (CBG) value chain in Maharashtra and Karnataka.
The MoU provides a framework for evaluating potential CBG projects, including feasibility assessments and potential offtake arrangements. The MoU is non-binding in nature, and any future commercial arrangements shall be subject to requisite approvals and execution of definitive agreements, wherever applicable.
