Gulshan Polyols Ltd updates on Ethanol offtake by OMCs in Assam

Gulshan Polyols Ltd has given its acceptance on 'Letter of Intent' received by Company for the purpose of signing of Long Term Offtake Agreement with upcoming dedicated ethanol deficit states for supply of Indigenous Denatured Anhydrous Ethanol to Oil Marketing Companies (OMCs) to meet ethanol requirements for 20% blending by year 2025 by setting up plant at Industrial Growth Centre, Matia, District Goalpara-783101 by using corn/maize and rice combination.

Shares of Gulshan Polyols Limited was last trading in BSE at Rs. 250.85 as compared to the previous close of Rs. 253.85. The total number of shares traded during the day was 13523 in over 540 trades.

The stock hit an intraday high of Rs. 261.35 and intraday low of 242.00. The net turnover during the day was Rs. 3385791.00.

Source : Equity Bulls

Keywords

GulshanPolyolsLimited INE255D01024 GULPOLY Ethanol OfftakeAgreement OMCs LOI Assam