Gulshan Polyols Ltd Shares Surge 15.8% in Pre-Open Trade Following Major Order Win

Gulshan Polyols Ltd witnessed a significant surge of 15.8% in pre-open trading on October 23, 2025, driven by the announcement of an enormous order win under the Ethanol Blended Petrol Programme (EBPP) for the Ethanol Supply Year 2025-26. The company has been allocated a supply contract of 175,652 kilolitres of ethanol by prominent Oil Marketing Companies, including Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Mangalore Refinery and Petrochemicals Limited (MRPL).

This contract, valued at around ₹1,184.86 crore, reinforces Gulshan Polyols' leadership in ethanol production and marks an important milestone in its revenue growth trajectory. The supply will be delivered across various locations in India, aligning with the government’s push towards cleaner fuel alternatives and the expansion of ethanol blending in petrol.

Gulshan Polyols operates as a multi-location, multi-product manufacturer not only dominating the domestic market but also extending its footprint to 42 countries across three continents. This order win demonstrates the company’s increasing prominence in strategic sectors and its capacity to capitalize on government initiatives aimed at promoting sustainable fuels.

Notable Updates:

Gulshan Polyols shares jumped 15.8% in pre-open trade.

The company won a major ethanol supply contract worth ₹1,184.86 crore for 175,652 kilolitres.

Contract awarded by leading OMCs: BPCL, IOCL, HPCL, and MRPL.

The supply agreement is for the Ethanol Supply Year 2025-26 under the EBPP.

Gulshan Polyols has a global presence in 42 countries and is a market leader in India.

The order highlights Gulshan’s role in India’s green fuel transition and cleaner energy initiatives.

Major Takeaway:
Gulshan Polyols’ substantial ethanol order win significantly boosts its market valuation and positions the company as a critical player in India’s renewable energy landscape, illustrating robust growth potential amid favorable government policies and rising ethanol demand.

Sources: Moneycontrol, TradeBrains, Business Standard, NSE India, Economic Times.