Ethanol Manufacturer Bags New Orders Worth Rs 362,85,12,220 From BPCL, IOCL, HPCL and MRPL

The stock has a 52-week high of Rs 262.95 per share and a 52-week low of Rs 143.15 per share.

Gulshan Polyols Limited has successfully secured a significant allocation in tenders floated by major Oil Marketing Companies (OMCs) for Ethanol Supply Year (ESY) 2024-25. The company participated in Tender Ref. No. 1000423858 (C1), (E Tender No. 17893) and Tender Ref. No. 1000423858 (C3), (E Tender No. 18795). As a result, Gulshan Polyols Limited has been allocated a total quantity of 55,476 kiloliters of ethanol, with an estimated order value of Rs 362,85,12,220 (Three Hundred Sixty-Two Crores Eighty-Five Lakhs Twelve Thousand Two Hundred and Twenty Rupees).

The orders were awarded by domestic entities, namely Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Mangalore Refinery and Petrochemicals Limited (MRPL). This allocation pertains to the bidding for the supply of ethanol to these OMCs for the ESY 2024-25 and is to be executed within this time period. This achievement underscores Gulshan Polyols Limited's strong presence and capabilities in the domestic ethanol supply market.

On Friday, shares of Gulshan Polyols Ltd surged 5.6 per cent to Rs 199.15 per share from its previous closing of Rs 188.55 per share. The stock has a 52-week high of Rs 262.95 per share and a 52-week low of Rs 143.15 per share.

Gulshan Polyols Ltd is one of the largest manufacturers of Precipitated Calcium Carbonate and Sorbitol in India. It is a market leader with a substantial market share in the respective segments. Talking about the financials, Gulshan Polyols Ltd has a market cap of over Rs 1,300 crore. 

Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.