Ethanol stock engaged in manufacturing and supplying fructose, sorbitol, and various other industrial chemicals jumped up to 4 percent in the day’s trade upon receiving a work order to supply the PCC plant to a paper manufacturing company.
With a market capitalization of Rs. 1,298 Crores, the shares of Gulshan Polyols Limited were trading at Rs. 208, up 2.24 percent from its previous day’s close price of Rs. 203.45.
Gulshan Polyols Limited has received a domestic work order from Silverton Pulp & Papers Private Limited for supplying of on-site PCC plant with a capacity of 18000 DMT/W along with a 10-year operation and maintenance agreement.
Gulshan Polyols Limited is a multi-product manufacturing company, it has a global presence in 35+ countries and it mainly operates in 3 business segments namely Grain Processing, Ethanol (bio-fuel)/distillery, and Mineral Processing. It is among the market leaders in manufacturing sorbitol, precipitated calcium carbonate (PCC), and wetground calcium carbonate.
Its business portfolio covers starch, starch sugars, calcium carbonate, alcohol and ethanol business, agro-based animal feed, on-site precipitated calcium carbonate plants and many more.
Gulshan Polyols is looking at a total capex of Rs. 450 Crores, it includes setting up a 500 KLPD Ethanol Plant in the state of M.P. for Rs. 300 Crores and Rs. 15 Crores for expanding the aggregate capacities across the grain processing division. In addition to this, an additional capex of Rs. 18.50 Crores is to be deployed for the ethanol plant in Assam over the next 24 months.
Gulshan Polyols Segmental revenue breakdown is as follows, 75 percent of its revenue comes from Grain Processing, 9 percent from Mineral Processing, and 16 percent from Ethanol.
The company’s revenue from operations grew 7.18 percent from Rs. 1,100 Crores in FY22 to Rs. 1,179 Crores in FY23, accompanied by profits of Rs. 85 Crores to Rs. 45 Crores.
Written by: Bharath K.S
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