Gulshan Polyols Receives ₹50 Crore PLI Incentive for Bio-Ethanol Plant in Assam

Gulshan Polyols Limited (GPL) has secured a ₹2 per litre production-linked incentive (PLI) from the Assam government for its bio-ethanol manufacturing plant in Goalpara, Assam.

Gulshan Polyols Limited (GPL) has announced that its bio-ethanol manufacturing plant in Goalpara, Assam, has been approved for a ₹2 per litre production-linked incentive (PLI) by the Assam government. This incentive will be disbursed for an initial period of three years.

With this support, GPL, which is already availing benefits under the Assam Ethanol Production Promotion Policy, 2021, is set to receive an additional estimated ₹50 crore over the next three years. This funding is expected to enhance operational efficiency, support production growth, and improve the company’s overall performance.

The ₹200-crore bio-ethanol plant is designed to promote sustainable energy and is set to create over 200 permanent jobs in the region, in line with the state's focus on industrial development and green energy initiatives.

Despite the positive news, Gulshan Polyols' shares ended 1.6% lower on Wednesday, December 18. The stock has experienced a 14% decline over the past six months and has dropped nearly 17% so far in 2024.