Organic Recycling Systems moves up on signing MoU with ITEL Foundation
Organic Recycling Systems is currently trading at Rs. 242.95, up by 3.25 points or 1.36% from its previous closing of Rs. 239.70 on the BSE.
The scrip opened at Rs. 234.75 and has touched a high and low of Rs. 242.95 and Rs. 230.00 respectively. So far 45000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 377.00 on 14-Jul-2025 and a 52 week low of Rs. 211.75 on 21-Jan-2026.
Last one week high and low of the scrip stood at Rs. 259.00 and Rs. 230.00 respectively. The current market cap of the company is Rs. 210.38 crore.
The promoters holding in the company stood at 18.10%, while Institutions and Non-Institutions held 0.37% and 81.54% respectively.
Organic Recycling Systems has entered into a strategic Memorandum of Understanding (MoU) with the Immersive Technology and Entrepreneurship Labs Foundation (ITEL), Chennai, to jointly drive research, innovation, and capacity-building initiatives in bio-energy, waste management, and green technologies. The MoU establishes a collaborative framework for joint R&D programs, consultancy projects, training initiatives, and funding proposals, with a focus on developing scalable and commercially viable solutions in the bioenergy and environmental sustainability domains.
This collaboration further strengthens the company’s commitment to advancing its Research & Innovation Centre (RIC) in Navi Mumbai, which is increasingly emerging as a national platform for validation and commercialisation of decarbonisation technologies. The MoU with ITEL Foundation is part of the company’s broader strategy to build a robust innovation ecosystem through strategic partnerships. It has signed multiple collaborations with leading institutions and industry stakeholders These collaborations position the company as a bridge between academia, innovation, and industry deployment, enabling faster scale-up of climate technologies.
