India Glycols Ltd to set up grain based distillery units

The Board of directors of India Glycols Ltd have approved to set up, install and commission grain based distillery units with a capacity of 180 KLPD and 110 KLPD at its Kashipur and Gorakhpur Sites. An estimated total capital expenditure of approximately Rs. 304 crore would be incurred on the project.

The grain distillation capacities at Gorakhpur and Kashipur are expected to be commissioned by 31.03.2022.

Shares of India Glycols Ltd was last trading in BSE at Rs. 698.45 as compared to the previous close of Rs. 701.45. The total number of shares traded during the day was 42281 in over 2027 trades.

The stock hit an intraday high of Rs. 719.95 and intraday low of 683.35. The net turnover during the day was Rs. 29826184.

Source : Equity Bulls

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