India Glycols Limited — Important, 19-02-2025: Updates

India Glycols has secured an allocation for the supply of 18.06 crore liters of ethanol valued at approximately Rs. 1,264.20 Crores under the Ethanol Blended Petrol Programme for the Ethanol Supply Year from November 1, 2024, to October 31, 2025. The allocation comprises 17.53 crore liters from Oil Marketing Companies (OMCs) valued at Rs. 1,227.10 Crores and 0.53 crore liters from other oil companies valued at Rs. 37.10 Crores. The ethanol will be produced from damaged food grains and surplus FCI rice at the company's Kashipur and Gorakhpur plants. This development is likely to bolster India Glycols' revenue stream, with the potential for growth in ethanol supplies reflecting a positive outlook for the company amidst the expanding ethanol market.