Shri Venkatesh Refineries rises on getting nod to increase oil refining capacity
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Shri Venkatesh Refineries is currently trading at Rs. 130.00, up by 2.10 points or 1.64% from its previous closing of Rs. 127.90 on the BSE.
The scrip opened at Rs. 129.50 and has touched a high and low of Rs. 130.00 and Rs. 129.50 respectively. So far 4000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.00 on 21-Jun-2024 and a 52 week low of Rs. 65.63 on 23-Aug-2023.
Last one week high and low of the scrip stood at Rs. 130.00 and Rs. 122.00 respectively. The current market cap of the company is Rs. 286.45 crore.
The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% in the company.
Shri Venkatesh Refineries has received approval for proposal to increase oil refining capacity by 200 TPD at Erandol, Jalgaon. Investment required for said oil refining capacity is Rs 40 crore. The proposed capacity is to be added in FY 2024-25.
The Board of Directors of the Company at its meeting held on August 20, 2024, has approved the same.
Shri Venkatesh Refineries is primarily engaged in the business of refining and preservation of Edible oils mainly soyabean oil and cotton seed oil.
