Support and Resistance Levels
Past performance
About Divyadhan Recycling Industries Ltd Divyadhan Recycling Industries Limited, originally incorporated as Divyadhan Consultants Private Limited in 2010, operates in the recycling sector, focusing on manufacturing Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The company transitioned to its current name and public limited status in early 2024. With a manufacturing facility in Baddi, Himachal Pradesh, Divyadhan began producing R-PSF in the fiscal year 2018-19, boasting a capacity of 8,030 metric tons per annum. Their products, including hollow and solid fibres, are renowned for resilience and insulating properties, finding applications in industries such as packaging, textiles, home furnishings, and automotive components. In November 2023, they expanded their product line to include recycled pellets for manufacturing bottles.
To support its growth, Divyadhan Recycling Industries plans a public offering of 3,776,000 fresh equity shares, indicating an expansion strategy aimed at increasing production capabilities and market reach.