Dwarikesh Sugar Industries announced the commissioning of a 40 MT per day capacity Co2 plant within the precincts of its distillery at Dwarikesh Nagar unit on 17 October 2020.

The plant envisages capturing of Co2 emission from distillery operations and selling the same on commercial basis which would commence from the 19 October, 2020. Though a small, yet a very significant step, as it reinforces the company's commitment to provide clean & healthy environment to the society. The sale from said product would be classified under the head “Miscellaneous sales.

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Net profit of Dwarikesh Sugar Industries declined 9.18% to Rs 18.10 crore in the quarter ended June 2020 as against Rs 19.93 crore during the previous quarter ended June 2019. Sales rose 16.20% to Rs 440.35 crore in the quarter ended June 2020 as against Rs 378.96 crore during the previous quarter ended June 2019.

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Dwarikesh Sugar Industries will hold a meeting of the Board of Directors of the Company on 5 August 2020.

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Dwarikesh Sugar Industries Ltd rose 7.95% today to trade at Rs 25.8. The S&P BSE FMCG Sector index is up 0.39% to quote at 11079.08. The index is up 9.94 % over last one month. Among the other constituents of the index, Tata Coffee Ltd increased 5.48% and Coastal Corporation Ltd added 5.31% on the day. The S&P BSE FMCG Sector index went down 4.93 % over last one year compared to the 14.3% fall in benchmark SENSEX.

Dwarikesh Sugar Industries Ltd has added 51.76% over last one month compared to 9.94% gain in S&P BSE FMCG Sector index and 8.6% rise in the SENSEX. On the BSE, 1.42 lakh shares were traded in the counter so far compared with average daily volumes of 93485 shares in the past one month. The stock hit a record high of Rs 42.05 on 07 Jan 2020. The stock hit a 52-week low of Rs 13.3 on 25 Mar 2020.

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