|
OMC includes Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and oil companies includes Reliance Industries and Nayara Energy.
The company has been allocated a quantity, for supplying 16.55 crore litres of ethanol from its grain based ethanol plants situated at Kashipur, Uttarkhand and Gorakhpur, Uttar Pradesh.
The firm will supply 12.80 crore liters to OMCs aggregating at Rs 896 crore and remaining 3.75 crore liters amounting to Rs 268 crore will supply to Reliance Industries and Nayara Energy.
The value of the order is estimated at Rs 1,164 crore including both OMCs and oil companies. The order will be executed during ethanol supply year from 1st November 2023 till 31st October, 2024.
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.
The company's consolidated net profit jumped 52% to Rs 38.01 crore on 15.7% increase in net sales to Rs 774.60 crore in Q2 FY24 over Q2 FY23.
|