India's Pasupati Acrylon hits six-month high on $24.5 million order win

Pasupati Acrylon

30/10/2025 06:28

** Shares of Pasupati Acrylon PASA.NS rise as much as 13.73% to 58.48 rupees, a six-month high

** Acrylic fibers and polypropylene films' maker's shares last up 9%

** Uptick after PASA wins an order worth 2.15 billion Indian rupees ($24.5 million) from the oil marketing companies (OMCs), Bharat Petroleum Corp BPCL.NS, Hindustan Petroleum Corp HPCL.NS and Indian Oil IOC.NS

** Order pertains to the supply of ethanol to the OMCs, involving PASA's grain-based ethanol plant in Uttar Pradesh

** Order size is nearly half of the company's market capitalisation of 4.59 billion rupees, data from LSEG shows

** PASA shares are up 19.3% in 2025 so far, exchange data shows

($1 = 87.8950 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))