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Southern Online Bio Technologies gains on starting production at Biodiesel unit at Visakhapatnam

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

28 Feb 2013 Evaluate

Southern Online Bio Technologies is currently trading at Rs 3.99, up by 0.07 points or 1.79% from its previous closing of Rs 3.92 on the BSE.

The scrip opened at Rs 3.99 and has touched a high and low of Rs 3.99 and Rs 3.99 respectively. So far 11095 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 7.48 on 24-Apr-2012 and a 52 week low of Rs 2.23 on 10-Dec-2012.

Last one week high and low of the scrip stood at Rs 3.99 and Rs 3.78 respectively. The current market cap of the company is Rs. 13.81 crore.

The promoters holding in the company stood at 17.48% while Institutions and Non-Institutions held 17.26% and 65.26% respectively.

Southern Online Bio Technologies’ Biodiesel unit situated at Visakhapatnam, Andhra Pradesh (AP) is in a position to start production of Biodiesel upon receipt of raw materials. The delay in implementing the production so far is due to delay in getting the required working capital sanction from the bankers, now the bankers have extended their support by sanctioning of additional working capital for 50% capacity, utilization.

Various internationally well reputed Biodiesel buyers are in touch with company for the purchase of Biodiesel which is going to produce at above quoted unit. Besides this the company’s first Biodiesel unit, which is situated at Samsthan Narayanpur Village, Nalgonda district is running at 85% capacity utilization for the last few years and it is backed up by well reputed customers from various segments.

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 Technologies gains on starting production at Biodiesel unit at Visakhapatnam

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