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

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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