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 (GPL), a prominent player in the polyols industry, has received a significant financial boost from the Madhya Pradesh government. The company recently announced that it has been granted Production Linked Fiscal Assistance (PLFA) under the MP Investment Promotion Assistance Scheme, 2014.

Financial Assistance Details

Regulatory Compliance

In adherence to regulatory requirements, Gulshan Polyols Limited has duly informed the stock exchanges about this development. The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Information

Gulshan Polyols Limited, with its corporate identification number (CIN) L24231UP2000PLC034918, has its registered office at 9th K.M., Jansath Road, Muzaffarnagar, Uttar Pradesh.

This fiscal assistance is expected to contribute to the company's financial position for the fiscal year 2023-24. However, the specific impact on the company's operations or future plans has not been disclosed in the available information.

Investors and stakeholders may want to keep an eye on future announcements from Gulshan Polyols Limited to understand how this assistance might influence the company's strategic decisions and financial performance in the coming quarters.