Introduction:
Chemical stock has secured an allocation to supply 18.06 crore liters of ethanol under the Ethanol Blended Petrol Programme, valued at ₹1,264.20 crore. This contract strengthens its market position, supporting biofuel initiatives and expanding its role in sustainable energy solutions.
Share Price movement of India Glycols:
On February 19, 2025, India Glycols Ltd opened at ₹1,189.95, reaching a high of ₹1,224.90, up 5% from its previous close of ₹1,158.50, and a low of ₹1,168.05. Currently, it is trading at ₹1,171.80, with a market cap of ₹3,628.07 crore.
India Glycols share price rise:
India Glycols Limited has secured an allocation for supplying 18.06 crore liters of ethanol under the Ethanol Blended Petrol Programme (EBPP) for the ethanol supply year from November 1, 2024, to October 31, 2025. The estimated contract value is ₹1,264.20 crore.
The allocation has been awarded by major oil marketing companies—BPCL, IOCL, and HPCL—along with Reliance Industries and Nayara Energy. Ethanol will be produced from damaged food grains and surplus FCI rice at the company’s Kashipur and Gorakhpur plants, supporting India’s biofuel initiatives.
This domestic contract strengthens India Glycols’ position in the ethanol supply sector, contributing to energy sustainability. The supply execution will be completed within the ethanol supply year, with additional allocations expected. The company confirmed that promoters hold no interest in the awarding entities.
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Recent news About India Glycols :
On February 4, 2025, India Glycols Ltd announced its unaudited financial results for the quarter and nine months ended Dec 31, 2024. Also reported a consolidated net profit of ₹57 cr for Q3, a 36.5% increase from ₹42 cr in the same period last year. Revenue from operations stood at ₹975 cr, up from ₹904 cr YoY.
Ace investor holding of India Glycols:
Ace investor Puneet Bhatia holds 594,858 shares of India Glycols Ltd, representing a 1.92% stake valued at ₹69.7 crore. His significant investment highlights confidence in the company’s growth potential, particularly in the biofuel and specialty chemicals sector, reinforcing long-term market prospects.
Stock performance of India Glycols for Period of 1 week, 6 months and 1 year:
India Glycols’ stock declined by 4.05% over the past week, reflecting short-term volatility. Over six months, it saw an 8.40% drop, indicating a period of correction. However, the stock delivered a strong 31.8% gain over the past year, showcasing long-term growth potential.
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Shareholding pattern of India Glycols:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 61.01 | 61.01 | 61.01 |
| FII | 2.44 | 2.9 | 1.75 |
| DII | 2 | 1.94 | 0.1 |
| Retail & others | 34.54 | 34.14 | 37.14 |
About India Glycols:
India Glycols is a leading manufacturer of bio-based chemicals, specialty chemicals, and industrial gases. It is a pioneer in green technology, producing ethanol, glycols, and derivatives. With a strong focus on sustainability, it serves industries like pharmaceuticals, textiles, and automotive globally.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
