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.
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.
ALCHEMPro News Desk (HU)
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