India's Ganesha Ecosphere, Race Eco Chain jump on PET flake production JV

Race Eco Chain

05/09/2024 07:48

** Shares of waste recycling firms Ganesha Ecosphere
 GANS.NS  and Race Eco Chain  RACE.NS  rise 4.5% and 1.3% each
    ** GANS says it incorporated a joint venture with RACE to
set up washing plants to produce PET flakes
    ** PET, or polyethylene terephthalate, flakes are made with
recycled plastic bottles
    ** RACE set for busiest trading session since early-July,
while GANS' vols highest in nine sessions
    ** Including session's gains, GANS up ~88% YTD vs ~18% rise
in RACE

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))