The company had participated in a tender floated by oil marketing companies (OMCs) under EBPP for Ethanol Supply Year (ESY 25-26) at their various locations across the country.
The company will supply 1,75,652 Kiloliters of ethanol to Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Mangalore Refinery And Petrochemicals (MRPL).
Meanwhile, the company has received a Production Linked Fiscal Assistance (PLFA) of Rs 5.3754 crore for financial year 2023-24 from MP Industrial Development Corporation Limited (MPIDC).
Gulshan Polyols is engaged in the manufacturing of Ethanol/Bio-fuel, grain and mineral based specialty products. The company’s business portfolio broadly is diversified across three key segments - grain processing, bio-fuel / distillery and mineral processing operations.
The company’s consolidated net profit jumped 35.6% to Rs 13.14 crore on 30.5% increase in net sales to Rs 593.23 crore in Q1 FY26 over Q1 FY25.