Gulshan Polyols Limited has announced the receipt of a significant additional allocation for the supply of ethanol to major Oil Marketing Companies (OMCs). This allocation, received on May 13, 2026, pertains to the Ethanol Blended Petrol Programme (EBPP) for the third quarter of the Ethanol Supply Year (ESY) 2025-26. The company participated in an e-tender floated by entities including Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL) to secure this order.

The specific details of the notice highlight that Gulshan Polyols has been allotted an additional quantity of 2,923 Kiloliters of ethanol. This order is estimated to be worth approximately ₹18.71 Crores (specifically ₹18,70,72,000/-). The contract is designated as a domestic order and is scheduled for execution within the ESY 2025-26 period. This development follows a series of successful tender wins for the company as it ramps up its contribution to India’s national biofuel transition goals.

Gulshan Polyols Limited is a diversified Indian manufacturer specializing in grain-based chemicals, bio-fuels, and mineral-based products. Its core business segments include Ethanol (Bio-Fuel), Grain Processing, and Mineral Processing, serving industries such as pharmaceuticals, personal care, and food and beverage. In 2025, the company reached a major milestone by commencing commercial operations at its 250 KLPD grain-based ethanol plant in Goalpara, Assam, which significantly boosted its total ethanol production capacity to 810 KLPD. Other recent updates from 2025 include the company securing Production Linked Incentive (PLI) benefits and expanding its starch derivatives portfolio with products like Dextrose Monohydrate and Malto Dextrin Powder.

For the last quarterly financial results announced (Q3 FY2024-25), the company reported a robust revenue of ₹609.76 Crores, marking a significant 64.32% year-on-year growth compared to ₹371.08 Crores in the same quarter of the previous year. Net profit for the December 2024 quarter jumped by 45.79% year-on-year to reach ₹6.75 Crores. The ethanol segment was a primary growth driver during this period, benefiting from increased capacity utilization at new facilities. Regarding institutional investment, the company’s shareholding pattern as of late 2025 showed a strong promoter holding of 66.80%, with growing interest from Foreign Institutional Investors (FIIs) who increased their stake during the following periods.