Gulshan Polyols surges on securing orders worth Rs 124.13 crore
Gulshan Polyols is currently trading at Rs. 181.35, up by 5.50 points or 3.13% from its previous closing of Rs. 175.85 on the BSE.
The scrip opened at Rs. 182.00 and has touched a high and low of Rs. 193.00 and Rs. 180.05 respectively. So far 17730 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 262.95 on 17-Sep-2024 and a 52 week low of Rs. 157.00 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 193.00 and Rs. 169.30 respectively. The current market cap of the company is Rs. 1143.25 crore.
The promoters holding in the company stood at 66.71%, while Institutions and Non-Institutions held 1.11% and 32.19% respectively.
Gulshan Polyols has secured orders for 21220 Kiloliters (kL) of Ethanol from multiple Oil Marketing Companies (OMCs). The total value of the order estimated at Rs 124.13 crore and is to be executed within Ethanol Supply Year (ESY) 2024-2025.
The OMCs are Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Mangalore Refinery and Petrochemicals (MRPL). The total quantity of Ethanol allocated to the company for the year ESY 24-25 is 182242 kL, which valued at Rs 1253.17 crore.
Gulshan Polyols is India’s leading manufacturers of Ethanol/Bio-fuel, Grain and Mineral based specialty products with three decades of experience.
