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Southern Online Bio touches roof on receiving order for supply of Bio-Diesel from SCR

Solana Biofuels Ltd. | Petrochemicals | Oil & Gas | BSE: 532669 | NSE:

10 Jun 2015 Evaluate

Southern Online Bio Technologies is locked at upper circuit limit of Rs. 3.97, up by 0.66 points or 19.94% from its previous closing of Rs. 3.31 on the BSE.

The scrip opened at Rs. 3.69 and has touched a high and low of Rs. 3.97 and Rs. 3.57 respectively. So far 5,25,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.90 on 09-Sep-2014 and a 52 week low of Rs. 3.00 on 05-Jun-2015.

Last one week high and low of the scrip stood at Rs. 3.97 and Rs. 3.00 respectively. The current market cap of the company is Rs. 23.42 crore.

The promoters holding in the company stood at 19.59%, while Institutions and Non-Institutions held 21.54% and 58.88% respectively.

Southern Online Bio Technologies (SBTL) has received an order for supply of Bio-Diesel from South Central Railway (SCR). With this kind of startup, the company is expecting many more orders from Railways and in-fact it has become L1 in many Railway Bio-diesel supply tenders.

The South Central Railway for the first time has used Diesel Locomotive fuelled with a 5% blend of Bio-Diesel with 95% traditional High Speed Diesel (HSD) oil on June 05, 2015 in Hyderabad on the eve of World Environment day by taking a significant leap forward towards attaining the objectives of Energy Conservation. The introduction which marks the beginning of regular usage of Bio-Diesel on locomotives in South Central Railway is also a first of its kind endeavor on Indian Railways.

Southern Online Bio Technologies is an eco-friendly green field company. The company was the first private Internet Service Provider to offer internet connectivity across its length & breadth of Andhra Pradesh.

Solana Biofuels Share Price

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Southern Online Bio touches roof on receiving order for supply of Bio-Diesel from SCR

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