Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding "Information regarding the decision taken in the 34th meeting of the State Level Empowered Committee held on 02.04.2025 for approval of benefits under the MP Investment Promotion Assistance Scheme, 2014 Suvidha / Sahayata."(DIPIP23288)
GULPOLY · price
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Awaiting price reaction for this filing.
Gulshan Polyols has received approval from the Madhya Pradesh State Level Empowered Committee for benefits under the MP Investment Promotion Assistance Scheme, 2014, applicable to its ethanol production unit. Key benefits include production-linked assistance of Rs. 1.5 per litre on ethanol supplied to Oil Marketing Companies for 7 years (01.07.2023 to 30.06.2030), full electricity tariff exemption for 5 years, 100% reimbursement of stamp duty and registration fees, and 100% reimbursement of mandi tax paid on food grains purchased for ethanol production for 5 years. These benefits were approved at the 34th SLEC meeting held on 02.04.2025 and communicated by MP Industrial Development Corporation Limited. The incentives will lower raw material, power, and capital costs for the company's ethanol business.
Positive for shareholders — multiple state government subsidies will reduce input and operating costs for the ethanol unit, improving margins on ethanol sales to OMCs over the next 5-7 years.