India's Gulshan Polyols jumps on 11.85 billion rupees order

Gulshan Polyols

23/10/2025 05:02

** Shares of Gulshan Polyols GULS.NS jump 16% to 164 rupees

** Stock eyes best day since March 18

** Co bags order worth 11.85 billion rupees ($134.82 million) to supply ethanol to oil marketing companies under ethanol blended petrol program

** Order comes as India shifts to 20% ethanol blending in fuel, called E20, as part of Prime Minister Narendra Modi's focus on clean energy

** YTD, GULS pares losses to 6%

($1 = 87.8950 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))