Organic Recycling Stock Up Today After Subsidiary Gets New Contract

Mumbai, 14 July 2025: Shares of Organic Recycling Systems Ltd (BSE: 543997) rose by 4.19% to ₹328 in early morning trade following the announcement that its wholly owned subsidiary, Solapur Bioenergy Systems Pvt. Ltd., has won a key Operations & Maintenance (O&M) contract from Indian Oil Corporation Ltd (IOCL). The contract covers a 200-tonnes-per-day Compressed Biogas (CBG) plant in Gorakhpur, Uttar Pradesh, marking a significant milestone in the company’s expansion into India’s clean energy infrastructure.

As of 10:11 AM IST, the stock was trading at ₹348.10, marking a significant gain of ₹33.30 or 10.58% from the previous close. The share opened at ₹321.50, touched an intraday high of ₹377.00, and did not fall below the opening price. The company’s market capitalisation rose to ₹301.43 crore, reflecting strong investor interest.

Market Reacts to Strategic Win with Early Share Rally

As of 09:26 IST, the stock traded at ₹328, up from the previous close of ₹314.80. It reached a day high of ₹328.00 and a low of ₹321.50, with a turnover of ₹3.89 lakh. The VWAP (Volume Weighted Average Price) stood at ₹324.75. While the stock has shown a strong move today, it remains lightly traded with less than 100 unique Clients/PAN over the past 30 days, reflecting low retail liquidity. ORSL’s current market capitalisation stands at ₹252.54 crore.

IOCL Contract Strengthens ORSL’s Standing in India’s Bioenergy Ecosystem

The project awarded by Indian Oil Corporation Ltd (IOCL) involves end-to-end Operations & Maintenance of a paddy straw-based 200 TPD Compressed Biogas plant in Gorakhpur. ORSL’s responsibilities under this contract include:

• Ensuring plant uptime and daily operations
• Conducting preventive and routine maintenance
• Managing all safety protocols
• Overseeing manpower and technical teams

This project directly supports the Government of India’s SATAT (Sustainable Alternative Towards Affordable Transportation) initiative and reflects IOCL’s commitment to promoting energy transition through bio-based solutions.

Leadership View: IOCL’s Selection Reinforces ORSL’s Technological Strength

Commenting on the development, Sarang Bhand, Managing Director of ORSL, said:

“Being selected by IOCL reinforces our belief in purpose-driven growth. It showcases our readiness to deliver technically complex, socially meaningful, and environmentally necessary projects.”

He further noted that the contract aligns with ORSL’s broader vision of contributing to India’s clean energy transformation and scaling up its presence in waste valorisation and green infrastructure.

Strategic Momentum Builds as ORSL Targets Bioeconomy Expansion

This win enhances ORSL’s foothold in agri-waste-to-energy, a sector with rising policy and investor interest. The company is now focused on expanding into other climate-positive domains, including:

• Municipal solid waste recovery and processing
• EPC (Engineering, Procurement, and Construction) projects
• Energy transition initiatives

Key elements of its operational model include:

• Patented anaerobic biomethanation technology
• Real-time data analytics for plant efficiency
• Flexible processing for multiple feedstocks
• Research collaborations with institutions such as IIT Bombay and the University of Birmingham

Company Profile: Pioneer in Waste-to-Energy Innovation

Founded in 2008, Organic Recycling Systems Ltd (ORSL) is an environmental engineering company with a core focus on waste management and bioenergy solutions. It was the first in India to set up a municipal solid waste (MSW) processing plant using anaerobic digestion. The company currently processes over 400 tonnes per day across various locations.

ORSL operates through three business verticals:

• Project Development & Technology Licensing
• Bio-based Products such as CBG and organic manure
• Environmental Consulting Services

Recognised under the Swachh Bharat Mission, the company is playing a pivotal role in driving India’s cleantech transition through innovation, strategic partnerships, and responsible growth.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/15e88e5d-e166-4eed-9985-6334cebd50e9.pdf

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