"Gulshan Polyols Ltd Secures Rs. 571.50 Crore Order for Ethanol Supply"

Gulshan Polyols Limited, a prominent player in the industry, actively participated in the competitive bidding process for the supply of Ethanol initiated by Oil Marketing Companies (OMCs). This specific tender, identified as Ethanol tender No. 1000410082 (System ID 13795), was open to molasses and grain-based distilleries, aiming to secure Ethanol under the Ethanol Blended Petrol Programme (EBPP) until October 31, 2024. The tender covered multiple locations across the country.

Following the conclusion of the initial bidding phase, Gulshan Polyols Limited emerged successful in securing an allocation. The company has been designated to supply a substantial quantity of 89,404 Kilolitres of Ethanol. This Ethanol will be sourced from Gulshan Polyols Limited's 500 Kilolitres per day (KLPD) Ethanol plant located in Boregaon. The estimated order value for this allocation stands at a significant INR 5,71,50,41,840, underscoring the scale and importance of the contract.

Gulshan Polyols Limited's success in this competitive bidding process not only reflects its operational capabilities but also positions the company as a key contributor to the Ethanol supply chain within the broader context of the Ethanol Supply Year (ESY) until October 31, 2024. This achievement aligns with the company's commitment to playing a pivotal role in the renewable energy sector and meeting the growing demand for Ethanol in the market.

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