Gulshan Polyols jumps on getting `Consent to Operate` for Assam Ethanol Plant unit
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Gulshan Polyols is currently trading at Rs. 211.90, up by 6.50 points or 3.16% from its previous closing of Rs. 205.40 on the BSE.
The scrip opened at Rs. 202.05 and has touched a high and low of Rs. 223.20 and Rs. 202.05 respectively. So far 96502 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. 158.05 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 223.20 and Rs. 200.60 respectively. The current market cap of the company is Rs. 1351.57 crore.
The promoters holding in the company stood at 66.72%, while Institutions and Non-Institutions held 0.59% and 32.69% respectively.
Gulshan Polyols has been granted with a ‘Consent to Operate’ (CTO) under section 25 of the Water (Prevention & Control of Pollution) Act, 1974 and under section 21 of the Air (Prevention & Control of Pollution) Act, 1981 from Pollution Control Board, Assam for its Ethanol Plant (Grain based) unit at Goalpara, Assam.
The Assam Pollution Control Board has granted the Consent to Operate with validity till March 31, 2025 under the aforesaid acts subject to the fulfillment of the terms & conditions as mentioned in the consent order towards setting up of its Ethanol Project of 250 KLPD Capacity at District Goalpara, Assam.
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.
