Sukhjit Starch counter is pretty busy today, with volumes rising over 2.5x and the stock price rising over 11.5% to hit an intraday high at Rs.480. Its 52-week high is at Rs.617.
The stock price rose after it stated that it has successfully commissioned Hydrogen Generating Plant from Biogas produced from biomass/ process effluent at its new manufacturing unit commissioned at Phagwara (Punjab).
The company said that the project appears to be 'First of its Own Kind' in India.
The Hydrogen produced will be captively consumed by the company, for the time being.