Order Rs 1,24,13,70,000: Small-Cap Ethanol Stock Receives Mega Order from OMCs Under Ethanol Blended Petrol Programme for ESY 2024-25
Ethanol stocks gained traction, with Gulshan Polyols surging 8% after securing ethanol supply contracts worth Rs 12,53,17,69,620 for ESY 2024-25. The company won orders across multiple tender cycles from OMCs like BPCL and IOCL, reinforcing its strong market presence. High trading volumes boosted stock performance.
The Indian stock markets were trading lower on Thursday in early deals as the January Fed meeting minutes indicated that Fed officials were concerned about the impact of tariff and immigration policies from the new Trump administration on inflation. FOMC participants “continued to note elevated uncertainty regarding the scope, timing, and potential economic effects of possible changes to trade, immigration, fiscal, and regulatory policies.” As a result, the Fed minutes largely reinforced a cautious approach to rate cuts this year. However, stock-specific movements continue on D-Street.
Ethanol stocks have gained attention amid the Ethanol Blended Petrol Programme (EBPP) during the Ethanol Supply Year (ESY) 2024-25. Gulshan Polyols, a Small-Cap stock, surged by 8 per cent in early trade after securing an allocation for supplying 21,220 kilolitres of ethanol (ESY 2024-25) with an estimated order value of Rs 1,24,13,70,000. The company participated in a tender process floated by major Oil Marketing Companies (OMCs) and successfully secured this order.
Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Mangalore Refinery and Petrochemicals Limited (MRPL) (hereinafter referred to as Oil Marketing Companies or OMCs) were part of this tendering process.
Beyond this specific allocation cycle (Cycle 3), Gulshan Polyols has secured ethanol supply orders across multiple cycles for ESY 2024-25, amounting to a total allocation of 1,82,242 kilolitres. This cumulative allocation reinforces the company’s strong presence in the ethanol supply sector.
The broader allocation includes a substantial order in Cycle 1, where the company secured 1,42,222 kilolitres of ethanol with an estimated value of Rs 9,93,94,31,620. In Cycle 2, GPL was awarded 18,800 kilolitres, valued at Rs 1,35,09,68,000, and in Cycle 3, the company received 21,220 kilolitres worth Rs 1,24,13,70,000. In total, the company has secured ethanol supply contracts worth Rs 12,53,17,69,620 for ESY 2024-25.
The stock price of Gulshan Polyols has gained on the back of higher volumes. In the first hour of trade itself, over 4.4 lakh shares have changed hands, marking the highest volume recorded since February 5, 2025.
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Source : DSIJ
