Hot Pursuit
Organic Recycling Systems Ltd. is up 12.36% to Rs 190.0 today, building on recent gains that have seen the stock expand by 18.01% over the last one week.
Organic Recycling Systems Limited announced that its wholly-owned subsidiary, Solapur Bioenergy Systems Private Limited (SBESPL), has secured two Engineering, Procurement, Construction, Operation, and Maintenance (EPCOM) contracts from Bharat Petroleum Corporation Limited (BPCL), totaling Rs 167.30 crore, for Compressed Bio-Gas (CBG) plants in Mysuru, Karnataka, and Raipur, Chhattisgarh. The Mysuru project will have a capacity of approximately 5 TPD, while the Raipur facility is expected to process around 4.8 TPD, adding approximately 9.8 TPD of aggregate CBG processing capacity. The contracts, which include five-year Operation & Maintenance mandates, represent a significant expansion for Organic Recycling Systems and strengthen its relationship with BPCL, furthering the company’s position in India’s growing CBG sector.
Trading volume totaled 27900 shares today, representing a decline of 42.59% from the one-week average volume. Organic Recycling Systems Ltd marginally improved 5.07% year-over-year, outperforming the 4.01% loss registered by the NIFTY50 index.