Vishwaraj Sugar Industries is currently trading at Rs. 24.90, up by 0.80 points or 3.32% from its previous closing of Rs. 24.10 on the BSE.
The scrip opened at Rs. 24.15 and has touched a high and low of Rs. 25.05 and Rs. 23.90 respectively. So far 1110653 shares were traded on the counter.
Vishwaraj Sugar Industries The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 45.90 on 22-Oct-2021 and a 52 week low of Rs. 21.04 on 27-Apr-2021.
Vishwaraj Sugar Industries Last one week high and low of the scrip stood at Rs. 27.35 and Rs. 23.90 respectively. The current market cap of the company is Rs. 464.76 crore.
The promoters holding in the company stood at 32.83%, while Institutions and Non-Institutions held 3.62% and 63.55% respectively.
Vishwaraj Sugar Industries (VSIL) is planning brownfield ethanol production expansion by capacity of 150,000 liters per day. This expansion is driven by technological up-gradation and the company is filing a patent to that effect. This will increase the overall ethanol production capacity to 250,000 liters per day. The expansion will happen in the existing premises by November 2023.
Further, the company is planning to set up a Greenfield Ethanol Production Facility, having final capacity of 250,000 liters per day, within 80 kms from the existing factory in the Belagavi district. VSIL has already acquired 120 acres of land for this project. The estimated project investment is Rs 250 crore and the first full year of operation of this facility shall be FY 2024.
Vishwaraj Sugar Industries was incorporated in the year 1995. It is an integrated sugar and other allied products manufacturing company operating from Belgaum District in the State of Karnataka which is designated as one of the ‘High Recovery zones’ for sugar production by Government of India.