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gemseeker
Senior Member
Joined: 09/Dec/2006
Location: India
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Posts: 146
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   Topic: Southern Online Biotechnologies
Posted: 24/May/2007 at 11:51pm |
Southern Online Biotechnologies.
This company is going to start production in less than a month. Currently quoting around 12. May see levels close to 30 + during this year.
Southern Online Biotechnologies Ltd. It has been over two years since the company has been trying to diversify into biodiesel manufacturing and 2007 is when Kumar foresees some real action on the scene.
Some Links
I am not recommending this stock but trying to gather more information here. Since this has ventured into biodiesel, I am looking for anyone who knows this company. I just happened to go to a party and a gentleman started talking to me regarding this company. He was from Lurgi, a german multinational giant. Seemed to me appealing considering the growth potential with all that Global Warming stuff going on and Oil hitting new highs.
There are better stocks in TED.
Disclaimer : I own some position in this stock since today.
Rest Later.
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gemseeker
Senior Member
Joined: 09/Dec/2006
Location: India
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Posts: 146
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Posted: 24/May/2007 at 11:53pm |
This topic needs to go under a different section.
TEDies I apologize for posting this under a different heading
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gemseeker
Senior Member
Joined: 09/Dec/2006
Location: India
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Posts: 146
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Posted: 15/Jul/2007 at 3:18pm |
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This got blasted. Excellent news finally came to start production. I request the Administrators to move this under a relevant section.
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basant
Admin Group
Joined: 01/Jan/2006
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Posted: 15/Jul/2007 at 4:09pm |
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Moved the topic.
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gemseeker
Senior Member
Joined: 09/Dec/2006
Location: India
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Posted: 15/Jul/2007 at 6:12pm |
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Thank you Basant Ji.
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gemseeker
Senior Member
Joined: 09/Dec/2006
Location: India
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Posts: 146
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Posted: 15/Jul/2007 at 6:14pm |
(12 July 2007) Southern Online starts sale of biodiesel from SBT biodiesel plant
Southern Online Bio Technologies said that the country`s first biodiesel plant started selling biodiesel beginning Jul. 12, 2007. The company established biodiesel unit at Samsthan Narayanpur village & mandal, Nalgonda dist. having 40,000 liters a day capacity with an investment of Rs 257.2 million.
The plant will be operated under the supervision of the engineers of the technology providers, Lurgi, Germany and their Indian partner CCI, New Delhi and will be handed over to SBT, after 2-3 months successful operations and also after testing various other sections of the plant, during which the man power of SBT will be trained properly to handle the plant independently. During this period, SBT will focus to streamline sales and raw material procurement.
The company already supplied biodiesel to well repute customers like IDEA Cellular, L&T, Southern Rocks & Minerals, ABT Parcel services, TNT Express couriers, Coke etc.
The shares of the company closed up Rs 1.44, or 9.90%, at Rs 15.98 at the BSE. Total volume of shares traded was 1,430,428. (Thursday)
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gemseeker
Senior Member
Joined: 09/Dec/2006
Location: India
Online Status: Offline
Posts: 146
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Posted: 19/Jul/2007 at 11:40pm |
The second plant on which they are working will be ready in less than 12 months. They may apply the lessons learnt in the first plant to expediete the second plant.
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mragarwal
Groupie
Joined: 08/Jun/2007
Location: India
Online Status: Offline
Posts: 54
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Posted: 19/Jul/2007 at 12:35pm |
They may get railways too as their client.. !!
Latest Update:
| Southern Online - Sale of Biodiesel by SBT Biodiesel plant |
| July 12, 2007 |
Southern Online Bio Technologies Ltd has informed that the country's first Biodiesel plant has started selling Biodiesel on July 12, 2007. The Company has established Biodiesel unit at Samsthan Narayanpur Village & Mandal, Nalgonda District with 40,000 liters per day capacity with an investment of Rs 25.72 crores.
The plant will be operated under the supervision of the engineers of the technology providers i.e. M/s. Lurgi AG, Germany and their Indian partner M/s. CCI, New Delhi and will be handed over to SBT, after 2-3 months successful operations and also after testing various other sections of the plant, during which the man power of SBT will be trained properly to handle the plant independently. During this period SBT will focus to streamline sales and raw material procurement.
The Company has already supplied Biodiesel to well reputed customers like IDEA Cellular, L&T, Southern Rocks & Minerals Pvt Ltd, ABT Parcel services, TNT Express couriers, Coke etc, and all these customers are satisfied with the product performance.
APSRTC (Andhra Pradesh State Road Transport Corporation) has called for tenders in the month of April, 2007 for the supply of 1,15,68,000 liters of biodiesel per annum. The Company has participated in the tenders and stood as L1 in the tenders.
Indian Railways also called for tenders to supply 1,40,000 liters of Biodiesel per day recently, and the Company is participating in this tender too.
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