GBL Clean Energy Private Limited, a wholly owned Subsidiary of Ganesh Benzoplast Limited (GBL) has invested 26% through equity share capital in Bluebrahma Clean Energy Solutions Private Limited, a newly incorporated company which is in the business of Ethanol and other clean energy Fuels.

With this investment, Bluebrahma Clean Energy Solutions Private Limited is the step-down associate company of Ganesh Benzoplast Limited.

Ethanol and other alternative biofuels are highly promoted by the government these days and various initiatives are taken by the government for using environmentally friendly sources of fuel and because this industry has a huge demand and it will be a good investment opportunity for the company.

Ganesh Benzoplast Limited is the leading independent Liquid Storage Tank (LST) provider, specialized in the storage and handling of liquid chemicals and oil products and has storage terminals at JNPT (Mumbai), Cochin, and Goa. GBL is also in the business of manufacturing of speciality chemicals, food preservatives and oil additives having two numbers of factories at MIDC Tarapur (Maharashtra).