India Glycols Soars 11% on Winning Ethanol Supply Order from OMCs, Reliance

1. India Glycols’ shares increased by 11%, reaching a price of ₹780.70. The company won a significant order worth ₹1,164 crore to supply 165.5 million liters of ethanol.
2. The ethanol will be supplied to prominent companies including Bharat Petroleum, Indian Oil, Hindustan Petroleum, Reliance Industries, and Nayara Energy. The supply period is set from November 2023 to October 2024.
3. This contract is part of India’s Ethanol Blended Petrol Programme, aiming to increase ethanol blending in petrol. India Glycols has a diverse portfolio, including bio-based specialties, performance chemicals, and bio-polymers

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