Gulshan Polyols Limited has informed that the company had approached State Bank of India (SBI) for availing a term loan of Rs. 170 crores for setting up of an ethanol project of 250 KLPD capacity at Industrial Growth Centre, Matia, District Goalpara, Assam.

The company received a sanction letter from SBI in this regard on March 24, 2023. Term loan of Rs. 170 crores with door-to-door tenor of eight years including one-year moratorium. Securities provided include hypothecation of plant and machinery and mortgage on immovable properties located at Goalpara, Assam on 1st charge basis.