19 Dec 2023

India Glycols zooms on bagging Rs 1,164 crore orders for supply of 16.55 crore liters of ethanol

India Glycols is currently trading at Rs. 764.45, up by 61.00 points or 8.67% from its previous closing of Rs. 703.45 on the BSE.

The scrip opened at Rs. 774.00 and has touched a high and low of Rs. 780.70 and Rs. 753.40 respectively. So far 140744 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 802.65 on 11-Sep-2023 and a 52 week low of Rs. 514.00 on 25-Apr-2023.

Last one week high and low of the scrip stood at Rs. 780.70 and Rs. 686.15 respectively. The current market cap of the company is Rs. 2356.17 crore.

The promoters holding in the company stood at 61.01%, while Institutions and Non-Institutions held 1.35% and 37.63% respectively.

India Glycols has been allocated quantities through tender(s) participation for supply of 16.55 crore liters of Ethanol with an estimated value aggregating to Rs 1,164 crore under Ethanol Blended Petrol Programme (EBPP) during Ethanol Supply Year from November 1, 2023 till October 31, 2024. The company received orders from oil marketing Companies for 12.80 crore liters of Ethanol and from oil companies for 3.75 crore liters of Ethanol.

India Glycols manufactures Industrial Chemicals such as green technology based bulk, specialty and performance chemicals and natural gums and industrial gases; Ethyl Alcohol (Potable) and nutraceuticals.