Gulshan Polyols Limited (GPL), a multi-location and multi-product manufacturing company, is planning to invest Rs. 250 crores for setting up grain based Ethanol manufacturing facility through internal accruals and debt.

Dr. Chandra Kumar Jain, Chairman and Managing Director, Gulshan Polyols Limited announced in the meeting of Board of Directors  that the company has now initiated the process of setting up a 300 KLPD Grain based Ethanol Manufacturing Facility at its existing site at Chhindwara, Madhya Pradesh.

The process for applying environment clearance and ordering of plant and machinery has started, added Jain.

Presently the existing capacity at Chhindwara is 60 KLPD Ethanol/ENA and within two years the project is expected to be on stream shortly after receiving environmental clearance from the government. 

Based on Government of India's Ethanol Blending Petroleum Programs of selling, petrol blended with Ethanol upto 20% by 2025, the management is very much enthusiastic about the future outlook of Ethanol business in India.

Gulshan Polyols Limited is a multi location, multi product manufacturing company and has become a market leader in most of its products in India with global presence in 35 countries across 3 continents. Its business portfolio covers Starch Sugars and Native Starches, Calcium Carbonate, Agro based Animal Feed, Alcohol business and On-site PCC plants.

The company was incorporated in 1981 as Gulshan Sugars & Chemicals Limited (GSCL) with primary business of manufacturing Calcium Carbonate at Muzaffarnagar with an initial capacity of 2,100 MTPA. In 2000, GSCL was demerged into three companies and GPL is one of them, incorporated as a public limited company and registered in October 2000.