Gulshan Polyols Ltd gets Ethanol supply order from OMCs, Nayara Energy Ltd

Gulshan Polyols Limited ("the Company") had participated in a tender floated by Oil Marketing Companies (OMCs) inviting various molasses and grain based distilleries for supplying Ethanol till 31/10/2023 at their various locations across the country.

After the closure of the Second round of offerings, Gulshan Polyols Limited has been allocated quantity, 22209.2 Kilolitres of Ethanol, from its manufacturing unit at existing 60KLPD Boregaon Plant with an order value of INR 1,37,18,40,356 to be supplied to the Oil Marketing Companies (OMCs).

Further, the Company has also bagged an order to supply quantity, 9300 Kilolitres of Ethanol, from upcoming 500 KLPD Ethanol plant at Boregaon (supply tentatively will starts from April 2023 onwards), to Nayara Energy Limited with an order value of INR 54,40,50,000.

Shares of Gulshan Polyols Limited was last trading in BSE at Rs. 245.90 as compared to the previous close of Rs. 242.10. The total number of shares traded during the day was 11118 in over 606 trades.

The stock hit an intraday high of Rs. 253.20 and intraday low of 241.95. The net turnover during the day was Rs. 2769701.00.

Source : Equity Bulls

Keywords

GulshanPolyols INE255D01024 OrderWin EthanolSupply OMCs NayaraEnergy