SBTL bags orders in crores

Southern Bio Technologies Ltd., will likely be the stock to watch in July 5 trade. The shares have opened 19 per cent higher. The company has recently bagged a order from Telangana State Road Transport Corporation and Andhra Pradesh State Road Transport Corporation.

The company post market hours had informed the stock exchanges that the company has received an order for supply of 14,544 kilo litres of Bio Diesel (B-100) towards annual requirement for 10 per cent blend from Andhra Pradesh State Road Transport Corporation for its 76 depots. The value of the order is Rs. 79,99,20,000 per annum which is likely to continue for a period of three years.

The Company has also received an order from Telangana State Road Transport Corporation (TSRTC) for supply of 4641.71 kilo litre of Bio Diesel for its 35 Depots for a period of six months. The value of the order is Rs.23,20,38,832/- for six months and extendable for further period.

Southern Online Bio Technologies Ltd., is an Indian company engaged in the business of providing Internet services. The company provides broadband internet to corporate clients besides providing dial-up internet services to individual customers across Andhra Pradesh. The company also diversified into Greenfield area of bio diesel production. The company's operating business segment consists of ISP Business and Bio Diesel Business. 

The shares in the last 5 days have gained by 35 per cent. However, the shares in the last 6 months have given a return of exact 100 per cent.