Gulshan Polyols signs long term offtake agreement with OMCs in Assam

Gulshan Polyols Limited has received, signed and executed a Long Term Offtake Agreement, today on January 8, 2022, for setting up of upcoming Standalone dedicated ethanol plant of 250 KLPD at Industrial Growth Centre, Malia, District Goalpara-783101 in ethanol deficit states for supply of Indigenous Denatured Anhydrous Ethanol to Oil Marketing Companies (OMCs) under Ethanol Blending Petroleum Program to meet ethanol requirements for 20% blending by year 2025 by using com/maize and rice combination.

The Long Term Offtake Agreement with OMCs is effective from January 15, 2022 and valid for 10 years, offered jointly by and executed with i.e IOCL, BPCL & HPCL for an annual off take quantity of 3.96 Crores Litres per annum of Ethanol.

Shares of Gulshan Polyols Limited was last trading in BSE at Rs. 315.50 as compared to the previous close of Rs. 313.75. The total number of shares traded during the day was 30092 in over 1089 trades.

The stock hit an intraday high of Rs. 323.50 and intraday low of 310.25. The net turnover during the day was Rs. 9510815.00.

Source : Equity Bulls

Keywords

GulshanPolyols INE255D01024 GULPOLY EthanolPlant 250KLPD Assam OfftakeAgreement OMCs