Shares of Dhampur Bio Organics rose 2% to ₹76.61 after the company announced the successful conversion of its 100 KLPD molasses-based distillery at the Asmoli unit in Uttar Pradesh into a dual-feed facility. The upgraded unit can now process both molasses and grain for ethanol production.
This strategic move, approved during the company’s Board Meeting on February 5, 2024, enhances operational flexibility and aligns with Dhampur Bio’s long-term vision of diversifying its raw material base in the biofuel segment.
The company has disclosed this development to the BSE and NSE under Regulation 30 of the SEBI (LODR) Regulations.
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