Dwarikesh Sugar Industries is currently trading at Rs. 27.40, up by 0.10 points or 0.37% from its previous closing of Rs. 27.30 on the BSE.
The scrip opened at Rs. 27.40 and has touched a high and low of Rs. 27.80 and Rs. 27.40 respectively.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 32.95 on 07-Mar-2019 and a 52 week low of Rs. 19.50 on 13-Aug-2019.
Last one week high and low of the scrip stood at Rs. 28.05 and Rs. 25.95 respectively. The current market cap of the company is Rs. 514.06 crore.
The promoters holding in the company stood at 41.87%, while Institutions and Non-Institutions held 3.24% and 54.90% respectively.
Dwarikesh Sugar Industries has commissioned its new 100 KLPD distillery plant at its Dwarikesh Nagar unit, Bundki, in Bijnor District. Using state-of-the art technology, this project commenced in late 2018. The company invested in waste water recovery and zero liquid discharge, strengthening its credentials to grow sustainably around an environment-friendly foundation.
This expansion comes at the right time. India's sugar business has undergone a paradigm shift. Buoyed by initiatives undertaken by the Government to strengthen the ethanol blending program, the distillery capacity expansion will increase ethanol production and strengthen the company's forward integration. Besides, this initiative will enable the company to optimize the use of molasses generated within its cane crushing facilities and help to moderate the impact of sectoral volatility.
Dwarikesh Sugar Industries is a multi-faceted, diversified industrial group engaged in the manufacture of the finest grains of sugar, as well as allied products.
