The existing capacity of the site at Chhindwara is 60KLPD Ethanol/ENA and utilization is 100%. Proposed capacity addition 300KLPD Ethanol. The project is expected to be on stream shortly, after receiving Environmental Clearance. The proposed capacity is to be added within two years. The estimated investment required on adding the capacity is Rs250cr.
“Based on Government of India’s 'Ethanol Blending Petroleum Programs’ of selling, petrol blended with Ethanol upto 20% by 2025 (Currently it is blending 5% Only). Hence, the Management is very much enthusiastic about future outlook of Ethanol Business,” company shared rationale behind the addition in its regulatory filing on Thursday.
Gulshan Polyols Ltd ended at Rs97.30 per piece down by Rs2.1 or 2.11% on the BSE.