Binny board to consider setting up of 195 KLPD grain based distillery; Stock tumbles 5%

The Board to consider setting up of 2 MW Solar Power Project.

Sep 03, 2021 09:09 IST India Infoline News Service

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Binny Ltd has informed to the exchange that the Board Meeting is scheduled on September 04, 2021 to consider some of the proposals of the company.

The company to consider:
  • Formation of 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.
  • Setting up a 2 MW Solar Power Project.
Binny Limited is engaged in general warehousing. The Company is focused on developing a mixed portfolio that includes commercial property, retail, entertainment and hospitality.
On Friday morning trade, Binny was trading at Rs250.90 per piece down by 5% on Sensex. The current market cap of the company is Rs589.47cr.

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