Organic Recycling Systems Ltd Share Price

History of Organic Recycling Systems Ltd

Organic Recycling Systems Limited (ORS) was originally incorporated as 'Organic Recycling Systems Private Limited' on 29th August 2008 at RoC, Mumbai. Subsequently, Company converted into a Public Limited and name of the Company was changed to 'Organic Recycling Systems Limited' vide a fresh Certificate of Incorporation dated 29th September 2022, issued by RoC, Mumbai. The Company is a pioneering engineering firm specializing in environmental solutions, offering comprehensive waste management solutions across various waste types and the entire value chain. ORS focuses on developing robust, cost effective, and eco-friendly technologies. Additionally, it operates a Municipal Solid Waste (MSW) processing plant in Solapur, Maharashtra, converting waste into electricity and compost since 2 ...013. Recognized as a leader in best practices under the Swachh Bharat Mission, ORS is now positioned for EPC opportunities nationwide. ORS operates through three main business verticals: Project development & Technology Licensing, Product Vertical, and Consulting Vertical, providing a comprehensive range of services and solutions in the environmental sector. In 2008, the Company was formed as 'Organic Recycling Systems Private Limited' to develop & promote technology for scientific & sustainable treatment of waste using Anerobic Digestion Process. In 2009, it acquired Solapur project under 100% Wholly owned subsidiary called 'Solapur Bioenergy Systems Private Limited' from Cicon Environment Technologies Limited. In 2010, construction of 300 TPD MSW Processing Facility under 100% Subsidiary, 'Solapur Bioenergy Systems Private Limited' based on the in house developed & validated technology called DRYAD was started. In 2011, Solapur project availed Custom Duty Exemptions for a Waste Management Project. The plant facility at Solapur achieved grid connectivity & commissioned its Biogas to Power Plant in July 2013 with MSEDCL. In 2014, the Company started development of DRYCO-AD Technology for smaller application based on principal of DRYAD Technology & Anaerobic Digestion Process. It commercialized the Descaled DRYCO-AD Technology Project from Indian Oil Corporation Ltd., which was to be implemented in Varanasi, Uttar Pradesh. It commissioned a 5 TPD containerized bio-methanation plants for treating biodegradable waste to generate electricity and enriched organic manure and operation & maintenance of the plants at 10 different sites in Delhi during 2018. In 2019, the Company commissioned a minimum processing capacity of 200 TPD Integrated Waste Management & Processing Project each for Palakkad & Kannur Clusters in Consortium with Blue Planet Environmental Solutions India Private Limited. In April 2021, it commissioned construction of a 5 TPD facility to process organic waste for generation of Bio-CNG. The Company completed 100 TPD waste processing plant maintenance and construction for Kalyan Dombivali Municipal Corporation in 2023. It also launched its proprietary Sanjeevak carbonization system in December, 2023. The Company raised Rs 50 Cr Equity Shares by way of IPO from public through fresh issue and by issuing 25,00,200 equity shares in September, 2023. The Company developed an indigenous decentralized system to treat agrobiomass with high lignin content to recover organic carbon for various enduse applications ranging from green charcoal to activated carbon. It launched its proprietary Sanjeevak carbonization system in December 2023.