Gulshan Polyols Limited has been awarded a contract worth Rs. 362.85 crore for supplying 2,713 kiloliters of ethanol to oil marketing companies(OMCs) – Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), Mangalore Refinery and Petrochemicals Limited (MRPL).
According to an exchange filing, company said, “Gulshan Polyols Limited had participated in a tender {(Tender Ref. No. 1000423858 (C1), (E Tender No. 17893 and Tender Ref. No. 1000423858 (C3), (E Tender No. 18795)} floated by Oil Marketing Companies under EBPP for Ethanol Supply Year (ESY 24-25) at their various locations across the country and the Company has been allocated with a quantity of 55476 Kiloliters of Ethanol having an estimated order value of Rs. 3,62,85,12,220/- for ESY 24-25.”
Gulshan is IndiaтАЩs leading manufacturer of ethanol/bio-fuel, grain, and mineral-based specialty products. Its business portfolio broadly spans three main segments: grain processing, bio-fuel/distillery, and mineral processing operations.
The National Policy on Biofuels тАУ 2018, as amended in 2022, advanced the target of 20% ethanol blending in petrol to the Ethanol Supply Year (ESY) 2025тАУ26, from the earlier target of 2030. Public Sector OMCs achieved 10% ethanol blending in petrol in June 2022тАФfive months ahead of the target set for ESY 2021тАУ22. Ethanol blending further increased to 12.06% in ESY 2022тАУ23 and 14.60% in ESY 2023тАУ24.
The Indian government currently aims to achieve 20% ethanol blending by ESY 2025тАУ26.
IndiaтАЩs ethanol initiative is proving transformative, driving economic growth for farmers, generating employment, conserving foreign exchange, and contributing to environmental sustainability.
CountryтАЩs ethanol programme has boosted farmersтАЩ incomes by Rs. 1,07,580 crore and helped save Rs. 1,26,210 crore in foreign exchange by reducing the need for crude oil imports.
