India's Gulshan Polyols jumps on getting production-linked incentive

Gulshan Polyols

19/12/2024 05:43

** Shares of ethanol maker Gulshan Polyols  GULS.NS  rise 3.4%
to 181.2 rupees, on track to snap five-day losing streak
**  Co receives production-linked incentive of 2 rupees per
litre for bio-ethanol for its Goalpara plant in Assam
    ** PLI to net benefits of 500 mln rupees (~$6 mln) over
three years, co says
    ** More than 187,000 shares change hands, 1.2x its 30-day
avg
    ** Stock up 2% so far this month
     
     
    ($1 = 85.0610 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com))