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Gulshan Polyols jumps after bagging order worth Rs 561-cr from OMCs
05-Dec-23   15:02 Hrs IST

OMC includes Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL).

After the closure of the first round of offerings, the company has been allocated a quantity, for supplying 89,404 Kilolitres of Ethanol from its 500 KLPD Ethanol plant at Boregaon with an estimated order value of Rs 571.50 crore.

The company had participated in a tender floated by Oil Marketing Companies (OMCs) inviting various molasses and grain based distilleries for supplying Ethanol under EBPP during Ethanol Supply Year (ESY) till 31 October 2024 at their various locations across the country.

Gulshan Polyols (GPL) is a manufacturer of calcium carbonate and specialty chemical sorbitol 70%.It enjoys an esteemed customer profile including some of the most trusted names in the world like colgate-palmolive, hindustan unilever, asian paints, wipro, cipla, ranbaxy etc. It is also the largest exporter of sorbitol from the country with a presence in 16 countries covering three continents of Asia, Africa & Australia.

The company's consolidated net profit tumbled 76.1% to Rs 2.17 crore on 11.4% jump in net sales to Rs 307.83 crore in Q2 FY24 over Q2 FY23.

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