Vishwaraj Sugar Industries gains on developing technology for sugarcane syrup preservation

Vishwaraj Sugar Industries is currently trading at Rs. 27.90, up by 0.40 points or 1.45% from its previous closing of Rs. 27.50 on the BSE.

The scrip opened at Rs. 27.45 and has touched a high and low of Rs. 28.20 and Rs. 27.30 respectively. So far 291627 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 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.

Last one week high and low of the scrip stood at Rs. 30.40 and Rs. 26.40 respectively. The current market cap of the company is Rs. 521.09 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 has been able to successfully develop a technology for sugarcane syrup preservation to enhance ethanol production. This technology is very simple and highly cost effective and gives excellent results.

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.

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