Gulshan Polyols Limited had participated in a tender floated by Oil Marketing Companies (OMCs) inviting various molasses and grain based distilleries for supplying ethanol till 31 October 2023 at their various locations across the country.

After the closure of the Second round of offerings, Gulshan Polyols Limited has been allocated quantity, 22209.2 Kilolitres of ethanol, from its manufacturing unit at existing 60KLPD Boregaon Plant with an order value of INR 137.18 crore to be supplied to the Oil Marketing Companies (OMCs).

Further, the company has also bagged an order to supply quantity, 9300 Kilolitres of ethanol, from upcoming 500 KLPD ethanol plant at Boregaon (supply tentatively will starts from April 2023 onwards), to Nayara Energy Limited with an order value of Rs 54.40 crore.