Gulshan Polyols Limited (GPL) participated in a rigorous competitive bidding process organized by Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), and Hindustan Petroleum Corporation Limited (HPCL) through the Ethanol Blended Petrol Programme (EBPP). This initiative was aimed at securing ethanol supply for the Ethanol Supply Year (ESY 23-24) until October 31, 2024, across multiple national sites. Gulshan Polyols successfully navigated this process, showcasing its capacity to meet the stringent requirements and demand from these major OMCs, reinforcing its position as a reliable supplier in the ethanol market.

In response to its participation, Gulshan Polyols Limited secured an allocation of 2713 Kiloliters of Ethanol, valued at approximately Rs. 18.85 crore, for delivery up to Q4 (ESY 23-24), concluding on October 31, 2024. This allocation pertains to ethanol produced at its 60 KLPD (Kiloliters per day) ethanol plant located in Boregaon. The company's successful bid underscores its commitment to supporting the ethanol supply chain in India, contributing to national energy security goals and enhancing its market presence in the renewable fuels sector.

This achievement underscores Gulshan Polyols Limited's strategic positioning and operational prowess in meeting rigorous industry requirements and supporting government initiatives aimed at promoting ethanol blending nationwide. By expanding its presence in India's northeastern region and securing a significant long-term supply agreement with a major oil marketing company, GPL demonstrates its commitment to enhancing domestic ethanol production capabilities and addressing the escalating demand for ethanol in the fuel sector. This strategic move not only strengthens GPL's market foothold but also reinforces its role in advancing sustainability goals and contributing to India's energy security objectives.

GPL specializes in manufacturing chemicals derived from grains and minerals, catering to diverse industries such as oral care, alcoholic beverages, coatings, paper, pharmaceuticals, plastics, and personal care. The company operates through three primary manufacturing segments: Mineral Processing, Grain Processing, and Ethanol (Bio-Fuel)/Distillery, establishing itself as a leader in sustainable chemical solutions and global market expansion.

GPL has expanded its footprint in India's northeastern region by acquiring 25 acres of land in Industrial Growth Centre, Matia, Mornai, District Goalpara, Assam. This site will house a new 250 KLPD grain-based ethanol distillery unit. Additionally, GPL has secured a long-term off-take agreement through a competitive process initiated by a major oil marketing company (OMC). This agreement is intended to supply domestically produced denatured anhydrous ethanol to ethanol-deficit states in India, addressing the rising demand for ethanol within the country's fuel sector.