One of the smallcap stocks engaged in the manufacture of precipitated calcium carbonate, sorbitol, ethanol, and biofuels. The stock has jumped 5.65 percent after investing Rs. 200 crore for 250 KLPD bio-ethanol plant in Goalpara, Assam
Stock Price Movement:
In Thursday’s trading session, Gulshan Polyols Limited’s share jumped to an intraday high of 5.65 percent from the previous close of Rs. 175.20. The stock opened at Rs. 175.35 and is currently trading at Rs. 183.60, with a high of Rs. 185.10 and a low of Rs. 175.35. The market capitalization now stands at approximately Rs. 1,145.12 crore.
What Happened:
Gulshan Polyols Limited has been granted a production-linked incentive (PLI) of Rs. 2 per liter for its 250 KLPD bio-ethanol plant in Goalpara, Assam. This incentive, valid for three years, is part of the company’s Rs. 200 crore investment in the plant, which will create over 200 permanent jobs.
The Production-Linked Incentive (PLI), in addition to the benefits under the Assam Ethanol Production Promotion Policy, is expected to generate an estimated Rs. 50 crore over three years, enhancing operational efficiency and production growth while contributing positively to the company’s overall performance.
Client and Orderbook:
Gulshan Polyols Limited serves prominent clients such as Colgate-Palmolive, Hindustan Unilever, Dabur, Asian Paints, and ITC. As of Q1 FY24, the company holds a strong order book valued at approximately Rs. 570 crore, indicating robust business prospects.