Gulshan Polyols Limited , a key player in the ethanol supply industry, has recently secured a significant contract under the Ethanol Blended Petrol Programme for the Ethanol Supply Year 2025-26. This development marks a substantial milestone for the company and underscores its growing importance in India's renewable energy sector.

Contract Details

The company has been allocated 175,652 kiloliters of ethanol for supply to major Oil Marketing Companies (OMCs). The contract, valued at approximately ₹1,185 crore, involves supplying ethanol to four major oil companies:

• Bharat Petroleum Corporation Limited (BPCL)
• Indian Oil Corporation Limited (IOCL)
• Hindustan Petroleum Corporation Limited (HPCL)
• Mangalore Refinery And Petrochemicals Limited (MRPL)

Tender Participation

Gulshan Polyols participated in tender number 1000423858 (C1), which was floated by the OMCs for ethanol supply at various locations across India. The company's success in securing this allocation demonstrates its competitive edge and capacity to meet the growing demand for ethanol in the country.

Contract Specifications

Additional Financial Update

In a separate development, Gulshan Polyols has also received a Production Linked Fiscal Assistance (PLFA) of ₹5.38 crore for the financial year 2023-24. This assistance, granted by MP Industrial Development Corporation Limited (MPIDC), is part of the MP Investment Promotion Assistance Scheme, 2014 – Suvidha / Sahayata.

Implications

The substantial ethanol supply contract and the additional fiscal assistance highlight Gulshan Polyols' strong position in the market and its alignment with India's push towards increased use of biofuels. This contract may contribute significantly to the company's revenue stream for the 2025-26 period, potentially impacting its financial performance positively.

As India continues to focus on reducing its dependence on fossil fuels and promoting cleaner energy alternatives, companies like Gulshan Polyols are poised to play a crucial role in the nation's energy transition strategy.

Gulshan Polyols Limited , a prominent player in the polyols industry, has received substantial financial assistance from the Madhya Pradesh government. The company announced on December 26, 2025, that it has received a total of Rs 16.42 crore from MP Industrial Development Corporation Limited (MPIDC) under various schemes.

Latest Financial Assistance Breakdown

The company has received the following assistance from MPIDC:

Previous Assistance Record

This latest assistance adds to the company's previous receipt of Rs 5.38 crore under the MP Investment Promotion Assistance Scheme, 2014 for the financial year 2023-24, demonstrating the company's continued eligibility for government support schemes.

Regulatory Compliance

Gulshan Polyols Limited has maintained proper regulatory compliance by informing the stock exchanges about this development. The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as communicated through letter reference GPLSEC61(2025-26).

Company Profile

This significant financial assistance is expected to strengthen the company's financial position and support its operational capabilities, particularly with the capital subsidy for the Zero Liquid Discharge Plant reflecting the company's commitment to environmental sustainability.