Intimation regarding receipt of allocation for supply of Ethanol to OMC's under Ethanol Blended Petrol Programme (EBPP)
GULPOLY · price
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Gulshan Polyols has been allocated a quantity of 55,476 kiloliters of ethanol by Oil Marketing Companies (BPCL, IOCL, HPCL, and MRPL) under the government's Ethanol Blended Petrol Programme for the Ethanol Supply Year 2024-25. The estimated order value is approximately ₹362.85 crores. The supply is to be executed domestically across various OMC locations during ESY 2024-25. The order was won through competitive bidding in tenders floated by the OMCs. There is no promoter or related party interest in the awarding entities.
This is a sizeable order from creditworthy government-owned oil marketing companies, providing strong revenue visibility for the ethanol business segment in FY25. Confirms the company's position as a key ethanol supplier under India's ethanol blending programme, which is positive for earnings stability.