Gulshan Polyols jumps on bagging order worth Rs 572 crore
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Gulshan Polyols is currently trading at Rs. 227.45, up by 4.85 points or 2.18% from its previous closing of Rs. 222.60 on the BSE.
The scrip opened at Rs. 239.05 and has touched a high and low of Rs. 239.95 and Rs. 226.65 respectively. So far 49597 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 274.95 on 04-Jul-2023 and a 52 week low of Rs. 159.17 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 239.95 and Rs. 201.85 respectively. The current market cap of the company is Rs. 1423.92 crore.
The promoters holding in the company stood at 66.72%, while Institutions and Non-Institutions held 1.23% and 32.05% respectively.
Gulshan Polyols has been awarded a contract for supplying 89404 Kilolitres of Ethanol from its 500 KLPD Ethanol plant at Boregaon with an order value of around Rs 572 crore. The company will supply Ethanol to BPCL, IOCL and HPCL.
Earlier, the Company had participated in a tender floated by Oil Marketing Companies (OMCs) inviting various molasses and grain based distilleries for supplying Ethanol under EBPP during Ethanol Supply Year (ESY) till October 31, 2024 at their various locations across the country.
Gulshan Polyols is engaged in manufacturing of ‘Sorbitol-70%’. Sorbitol, a starch derivative, sweet in taste, finds wide range application, the major uses in dentrifice, cosmetic, Pharma, Vitamin-C, food products etc.
