Gulshan Polyols had participated in a tender floated by oil marketing companies (OMCs) inviting various molasses and grain based distilleries for supplying Ethanol till 31 October 2023 at their various locations across the country.

Gulshan Polyols is India's leading manufactures ethanol/bio-fuel, grain and mineral based specialty products. Its business portfolio broadly spans across three main segments, viz. grain processing, bio-fuel/distillery and mineral processing operations.

Net profit of Gulshan Polyols declined 67.96% to Rs 9.09 crore on 0.32% decline in net sales to Rs 276.38 crore in Q2 September 2022 over Q2 September 2021.