Organic Recycling Systems rises on signing MoU with Vasantdada Sugar Institute
Organic Recycling Systems is currently trading at Rs. 314.00, up by 3.95 points or 1.27% from its previous closing of Rs. 310.05 on the BSE.
The scrip opened at Rs. 317.00 and has touched a high and low of Rs. 317.00 and Rs. 308.50 respectively. So far 8400 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 400.00 on 20-Dec-2024 and a 52 week low of Rs. 209.00 on 28-Oct-2024.
Last one week high and low of the scrip stood at Rs. 346.40 and Rs. 308.50 respectively. The current market cap of the company is Rs. 271.90 crore.
The promoters holding in the company stood at 18.10%, while Institutions and Non-Institutions held 0.36% and 81.54% respectively.
Organic Recycling Systems has signed a Memorandum of Understanding (MoU) with the prestigious Vasantdada Sugar Institute (VSI), Pune. This strategic collaboration marks a significant step towards accelerating innovation, research, and development in sustainable waste management, green energy, and biofuel sector.
The company and VSI recognize their complementary strengths and shared commitment to addressing critical scientific and technological issues of national relevance, particularly in sustainable development. VSI, distinguished as the only organization of its kind in the world with comprehensive expertise in sugar industry research and academics, coupled with the company's innovative waste valorisation and bioenergy solutions, positions this partnership to foster significant advancements through joint multidisciplinary research and training programs.
Both parties will actively pursue joint research and development focusing on transforming agro-biomass, sugar industry waste, and sugarcane trash into high-value products and green energy. This includes jointly seeking external funding for lab-scale and pilot projects from various government schemes (DBT, DST, MNRE, MoEFCC). The partnership will also involve joint consulting and validation assignments for new bioenergy and biofuel technologies and products.
Organic Recycling Systems is an engineering company focused on environmental solutions and provides waste management solutions across waste types and across the value chain.
