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Binny to form wholly-owned subsidiary

03 Sep 2021 Evaluate

Binny is planning to form a Wholly-owned Subsidiary Company for setting up a 195 KLPD Grain based Distillery for production of Fuel Ethanol, under Projects approved for Ethanol Interest Subvention Scheme announced by the Government of India and setting up a 2 MW Solar Power Project. A meeting of the Board of Directors of the company is scheduled on September 4, 2021, to consider and approve the same. 

Binny is engaged in the business of marketing textiles goods, marketing engineering and other products, shipping related business, operating cold storage at Cochin, travel agency business approved by IATA and TAI, real estate and Container Freight Station. 

Peers
Company Name CMP
Vardhman Textiles 554.05
Welspun Living 224.70
Arvind 550.00
Raymond Lifestyle 687.50
K.P.R. Mill 1108.00
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