Organic Recycling Systems soars on collaborating with Netel India to tackle urban waste
Organic Recycling Systems is currently trading at Rs. 276.90, up by 3.30 points or 1.21% from its previous closing of Rs. 273.60 on the BSE.
The scrip opened at Rs. 274.90 and has touched a high and low of Rs. 279.50 and Rs. 274.90 respectively. So far 3600 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. 279.50 and Rs. 257.00 respectively. The current market cap of the company is Rs. 239.78 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 collaborated with Netel India to tackle urban waste through scalable waste valorisation projects. Both companies have entered into a Memorandum of Understanding (MoU) to explore joint participation in upcoming solid waste management and waste-to-energy projects. This collaboration will span Public-Private Partnership (PPP) and Engineering, Procurement, and Construction (EPC) models, focusing particularly on integrated solutions such as Compressed Biogas (CBG) generation.
The collaboration between the companies is designed to facilitate joint participation in forthcoming PPP and EPC projects that include operations and maintenance components. Under this arrangement, the company will lead the engineering and technical execution, particularly for initiatives centered around organic waste processing and the production of CBG. Netel India will take charge of project financing and oversee segments focused on RDF-to-energy conversion. In addition to new projects, the alliance will also explore opportunities to enhance Netel’s existing environmental facilities by integrating company’s advanced biogas technologies to improve environmental performance and operational efficiency.
Organic Recycling Systems is an engineering company focused on environmental solutions and provides waste management solutions across waste types and across the value chain.
