Shares of Organic Recycling Systems rise on inking MoU with Walchand Institute of Technology

The partnership focuses on capacity building through short-term programs, workshops, and certificate courses.

About the Memorandum of Understanding
Organic Recycling Systems (ORSL) has signed a Memorandum of Understanding (MoU) with the prestigious Walchand Institute of Technology (WIT), Solapur. This collaboration aims to foster joint research, academic initiatives and workshops in diverse scientific and technological domains. Both parties, recognizing the need for collaborative efforts to address multidisciplinary scientific and technological challenges of national importance, have formalised this partnership. The MoU lays the foundation for joint research programs and collaborations, with a primary focus on Municipal Solid Waste management, remediation, and applications for environmental sustainability.
This collaboration involves faculty and researcher cooperation in their internal research initiatives, leveraging the pooled resources of both establishments. The collaboration also encompasses the exploration of joint research initiatives in critical interdisciplinary domains, promoting a holistic approach.

The partnership emphasises capacity building through short-term programs, workshops and certificate courses, fostering a collaborative educational environment. The MoU facilitates subsidized access to essential equipment and consultancy services, enriching the collaboration’s academic and research dimensions.

Share Price Movement
Organic Recycling Systems is currently trading at Rs 240, up by 6 points or 2.56% from its previous closing of Rs 234 on the BSE. The scrip opened at Rs 235.95 and touched a high and low of Rs 240 and Rs 235.95 respectively. So far 2,400 shares have been traded on the counter.

The BSE group ‘M’ stock of face value of Rs 10 has touched a 52-week high of Rs 310 and a 52-week low of Rs 214. Last one week high and low of the scrip stood at Rs 246.75 and Rs 233.20 respectively. The current market cap of the company is Rs 184.78 crore. The promoters holding in the company stood at 20.35%, while Institutions and Non-Institutions held 1.69% and 77.96%, respectively.

About the company
Organic Recycling Systems, a Mumbai-based engineering company, was incorporated in 2008 as a private limited company. In 2022, it was converted into a public limited company and renamed Organic Recycling Systems Limited. The company focuses on environmental solutions and waste management across various waste types and value chains. It has developed robust, cost-effective, and environmentally friendly technologies, including India’s first Waste to Energy plant using anaerobic biomethanation. The company has also established an MSW processing and disposal plant in Solapur, Maharashtra, which converts Municipal Solid Waste into electricity and compost.

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