Hot Pursuit     23-Dec-21
Gulshan Polyols climbs after HSBC sanctions term loan
Gulshan Polyols rose 3.56% to Rs 267.95 after the company said its application for Rs 170-crore term loan has been sanction by HSBC.
Gulshan Polyols had approached Hongkong and Shanghai Banking Corporation (HSBC) for availing a term loan of Rs 170 crore for setting up an ethanol project of 500 KLPD capacity at Chhindwara in Madhya Pradesh.

Following the application, the company has received sanction letter on 21 December 2021 from HSBC.

The Rs 170-crore term loan carries a door-to-door tenor of five years including one year moratorium.

Net profit of Gulshan Polyols rose 66.26% to Rs 28.48 crore on 32.92% rise in net sales to Rs 277.28 crore in Q2 September 2021 over Q2 September 2020.

Gulshan Polyols is one of the largest manufacturers of Precipitated Calcium Carbonate and Sorbitol in India.

Previous News
  Gulshan Polyols standalone net profit declines 61.09% in the June 2022 quarter
 ( Results - Announcements 10-Aug-22   08:12 )
  Gulshan Polyols to discuss results
 ( Corporate News - 11-May-24   12:47 )
  Gulshan Polyols to conduct board meeting
 ( Corporate News - 19-Jan-22   13:45 )
  Gulshan Polyols commences operations at its ethanol plant at Goalpara
 ( Corporate News - 25-Jun-24   17:53 )
  Gulshan Polyols consolidated net profit declines 76.13% in the September 2023 quarter
 ( Results - Announcements 08-Nov-23   07:42 )
  Gulshan Polyols grants 20,400 stock options
 ( Corporate News - 17-Sep-19   15:36 )
  Gulshan Polyols announces change in company secretary and compliance officer
 ( Corporate News - 30-Jan-21   12:46 )
  Gulshan Polyols to hold board meeting
 ( Corporate News - 27-Oct-16   15:13 )
  Gulshan Polyols revises prices of ethanol
 ( Corporate News - 03-Dec-21   11:39 )
  Board of Gulshan Polyols recommends final dividend
 ( Corporate News - 21-May-24   17:20 )
  Gulshan Polyols to hold board meeting
 ( Corporate News - 03-Nov-22   12:48 )
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