Stock Report

Globus Spirits Ltd gets order to supply 9.68 crores litres of Ethanol to OMCs

Posted On : 2021-12-01 20:22:22( TIMEZONE : IST )

Globus Spirits Ltd has announced that it had participated in a tender floated by Oil Marketing Companies (OMCs) vide dated 12th November 2021 inviting various molasses and grain based distilleries for supplying Ethanol for the period commencing from 01st December 2021 till 30th November 2022 at their various locations across the country.

Accordingly, after the closure of the first round of offerings, the company has been allocated as its offered quantity of 9.68 crores litres of Ethanol from the 3 manufacturing units at Bihar, West Bengal and Haryana. The unit located at West Bengal will initiate the supply once commercial production at the enhanced capacity commences.

The per unit rate of Ethanol made from Damaged Food Grains has been fixed at Rs.52.92/- per litre with an increase of 2.65% from previous year, the rate for Ethanol made from Surplus Food Grains remains unchanged.

Shares of Globus Spirits Limited was last trading in BSE at Rs. 1084.00 as compared to the previous close of Rs. 1090.90. The total number of shares traded during the day was 20692 in over 2155 trades.

The stock hit an intraday high of Rs. 1131.15 and intraday low of 1060.50. The net turnover during the day was Rs. 22440589.00.