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Gulshan Polyols trades jubilantly on securing order worth Rs 993.94 crore for supply of ethanol
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Gulshan Polyols is currently trading at Rs. 216.90, up by 19.10 points or 9.66% from its previous closing of Rs. 197.80 on the BSE.
The scrip opened at Rs. 211.85 and has touched a high and low of Rs. 234.30 and Rs. 205.65 respectively. So far 145768 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. 158.05 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 234.30 and Rs. 196.70 respectively. The current market cap of the company is Rs. 1366.54 crore.
The promoters holding in the company stood at 66.68%, while Institutions and Non-Institutions held 1.30% and 32.03% respectively.
Gulshan Polyols has secured order worth around Rs 993.94 crore for supply of 142222 kiloliters of Ethanol to Oil Marketing Companies (OMCs) under Ethanol Blended Petrol Programme (EBPP) for Ethanol Supply Year (ESY 24-25). The company has bagged order from OMCs namely Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOCL) and Hindustan Petroleum Corporation (HPCL).
For the above order, the company had participated in a tender floated by OMCs under EBPP for ESY 24-25 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.
