Gulshan Polyols updates on new project in Assam; Stock under pressure

3 Nov 2022 , 09:18 AM

Gulshan Polyols Ltd had approached the ‘Department of Food and Public Distribution’ (DFPD) under the modified scheme for extending financial assistance to project proponents for enhancement of their ethanol distillation capacity or to set up distilleries for producing 1st Generation (1G) ethanol from feed stocks.

As per the filing, the feed stocks include cereals (rice, wheat, barley, corn & sorghum), sugarcane, sugar beet etc. notified on April 22, 2022 in the form of interest subvention and for which Company has received In-Principle Approval from the ‘Government of India’ for ‘grant of interest subvention’ under aforesaid scheme for maximum loan amount of Rs170 crores (Rupees One Hundred Seventy Crores Only) for setting up of new Grain Based Distillery of 250 KLPD with Zero Liquid Discharge (ZLD) System for Assam Unit, located at land in Industrial Growth Centre, Matia, District Goalpara, Assam.

At around 9:18 AM, Gulshan Polyols Ltd is currently trading at Rs248.30 per share down by Rs0.8 or 0.32% from its previous closing of Rs249.10 per share on the BSE.

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