Mumbai, October 24 (Udaipur Kiran): Shares of Gulshan Polyols Ltd surged over 9% in Thursday’s trade after the company announced that it has secured major ethanol supply orders worth approximately ₹1,184.86 crore from multiple oil marketing companies (OMCs) for the Ethanol Supply Year (ESY) 2025–26.
The stock was trading at ₹155.20, up ₹13.30 or 9.37%, from its previous close of ₹141.90 on the BSE. It opened at ₹164.70 and touched an intraday high of ₹164.70 and a low of ₹152.65. A total of 92,433 shares changed hands on the counter during the session.
The BSE group ‘B’ stock with a face value of ₹1 has recorded a 52-week high of ₹234.30 (October 23, 2024) and a 52-week low of ₹135.85 (October 15, 2025). The company’s market capitalisation currently stands at ₹967.99 crore.
In terms of shareholding, promoters hold 66.71%, while institutions and non-institutions own 0.07% and 33.22%, respectively.
The newly bagged orders involve the supply of 1,75,652 kilolitres of ethanol to major public sector oil companies — Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Mangalore Refinery and Petrochemicals Limited (MRPL).
The supply is scheduled to be completed within the 2025–26 ethanol supply year, strengthening Gulshan Polyols’ position in India’s biofuel sector.
Gulshan Polyols is among India’s leading manufacturers of ethanol, biofuels, and grain- and mineral-based specialty products, with over three decades of experience in the industry.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.