Gulshan Polyols initiates process of setting up 300KLPD grain based Ethanol Manufacturing Facility

The estimated investment required on adding the capacity is Rs250cr. The existing capacity of the site at Chhindwara is 60KLPD Ethanol/ENA and utilization is 100%.

Jan 21, 2021 04:01 IST India Infoline News Service

Gulshan Polyols
Gulshan Polyols Limited informed the exchanges Thursday that it has initiated the process of setting up a 300KLPD ‘Grain-based Ethanol Manufacturing Facility’ at its existing site at Chhindwara, Madhya Pradesh for which process for applying Environment Clearance and ordering of Plant & Machinery has started.

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.

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