Croissance Limited updates on Bio Energy business

Croissance Limited has identified 120 acres of land in Mysuru District and is in advanced discussions to finalize the land on lease for a period of 36 years.

The land is proposed to be used for setting up bio-energy business, focusing on the production of Ethanol and allied products as part of the Company's long-term strategy to drive growth and enhance value creation.

The Board of Directors, has approved the proposal for initiating this strategic project.

Shares of Croissance LTD. was last trading in BSE at Rs. 2.54 as compared to the previous close of Rs. 2.58. The total number of shares traded during the day was 12851 in over 42 trades.

The stock hit an intraday high of Rs. 2.68 and intraday low of 2.44. The net turnover during the day was Rs. 32774.00.

Source : Equity Bulls

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Croissance INE587J01027 BioEnergyBusiness Updates