Greenhitech Ventures Share Price

Greenhitech Ventures Limited was originally formed as a Partnership Firm in the name and style of Greentech Hydrocarbons pursuant to Deed of Partnership dated November 18, 2011. Greentech Hydrocarbons was thereafter converted from Partnership Firm to a Private Limited with the name and style of Greenhitech Ventures Private Limited dated May 14, 2023. Subsequently, the Company converted into Public Limited Company and name was changed to Greenhitech Ventures Limited vide fresh Certificate of Incorporation dated October 10, 2023 issued by the Registrar of Companies, Kanpur.Company is engaged in trading of various petroleumbased products for the different categories of industries based on their requirement. This includes supply of biofuels, bitumen, light density oils, furnace oils etc. It is engaged in Operation Maintenance as Job worker for Ethanol manufacturing in Government owned distilleries. It provide business solutions to consumers of Fuels and other alternative materials across India.The Company started its production in Purvanchal belt of Uttar Pradesh, India for supply of biodiesel. It basically trade in two types of Biofuels: Biodiesel and Light Diesel Oil. Biodiesel is a cleanburning fuel and safe alternative to replace traditional petroleum diesel. It provides improved efficiency thus increasing the average of vehicle. There is minimal carbon formation in the engine. Light diesel oil comprises of distillate fuel with small proportions of residual fuel. LDO (Light Diesel Oil) is largely an industrial fuel. It acts as a key ingredient in the generation of electricity and heat in a number of production units.The Company came up with a fresh issue of 12,60,000 Equity Shares of Rs 10 each by raising Rs 6.3 crores through Initial Public Offer on April 16, 2024.