The shares of a Chemical company specializing in manufacturing green technology-based bulk, specialty & performance chemicals, and natural gums, spirits, industrial gases, sugar, and nutraceuticals jumped upto 6 percent following the allocation of 18.06 crore liters of ethanol valued at Rs. 1,264 Crores from Oil Marketing Companies.
Price action
With a market capitalization of Rs. 3,653.46 crores on Thursday, the shares of India Glycols Limited jumped upto 5.7 percent making a high of Rs. 1225.25 per share compared to its previous closing price of Rs. 1158.80 per share.
What Happened
India Glycols Limited engaged in manufacturing green technology-based bulk, specialty & performance chemicals, and natural gums, spirits, industrial gases, sugar, and nutraceuticals has been allocated 18.06 crore liters of ethanol which is valued at Rs. 1,264.20 crores, under the Ethanol Blended Petrol Programme (EBPP) for the period from November 2024 to October 2025.
The allocation was made through tenders awarded to domestic Oil Marketing Companies (BPCL, IOCL, HPCL) and Oil Companies (Reliance Industries, Nayara Energy). The supply is based on ethanol produced from Damaged Food Grains (DFG) and Surplus FCI Rice, sourced from its plants in Kashipur and Gorakhpur.
About the company
India Glycols Limited is a leading Indian manufacturer of industrial chemicals, specializing in products like ethylene glycol, glycol ethers, and specialty chemicals. The company is also involved in the production of renewable energy and agro-based chemicals and has a strong presence in both domestic and international markets.
Segment Revenue (Q3FY25)
The company’s revenue is derived from the following segments: BSPC contributed 33 percent this quarter, compared to 50 percent in the previous quarter; Biofuel contributed 28 percent this quarter, compared to 17 percent in the previous quarter; the PS segment contributed 34 percent this quarter, compared to 27 percent in the previous quarter; and EB contributed 5 percent this quarter, compared to 6 percent in the previous quarter.
Financials
The company’s total revenue rose by 7.95 percent from Rs. 908.77 crore to Rs. 981.02 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 41.63 crore to Rs. 56.81 crore during the same period.
Written by Sridhar J
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