Gulshan Polyols Limited (GPL) has been allocated 21,220 kilolitres of ethanol under the Ethanol Blended Petrol Programme (EBPP) for the Ethanol Supply Year (ESY) 2024-25.
Gulshan Polyols Ltd (GPL) secured a ₹124.14 crore (~$14.90 million) contract to supply 21,220 KL ethanol under the Ethanol Blended Petrol Programme (EBPP) for ESY 2024-25.
Awarded by OMCs including BPCL, IOCL, HPCL, and MRPL, the domestic order excludes related party transactions.
This deal boosts GPL’s ethanol market presence, supporting India’s ethanol blending strategy.
The contract, valued at ₹124.14 crore (~$14.90 million), was awarded by key Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Mangalore Refinery and Petrochemicals Limited (MRPL), the company said in an NSE listing.
The company confirmed that the order is domestic in nature and does not involve any related party transactions.
This development is expected to strengthen Gulshan Polyols’ presence in the ethanol supply market, aligning with India’s push for increased ethanol blending in petrol as part of its energy transition strategy.
Fibre2Fashion News Desk (HU)
