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Gulshan Polyols Ltd.

BSE: 532457 Sector: Industrials
NSE: GULPOLY ISIN Code: INE255D01024
BSE LIVE 15:40 | 18 Aug 83.70 -1.10
(-1.30%)
OPEN

84.00

HIGH

84.45

LOW

82.05

NSE 15:31 | 18 Aug 83.35 -1.35
(-1.59%)
OPEN

85.45

HIGH

85.60

LOW

82.05

OPEN 84.00
PREVIOUS CLOSE 84.80
VOLUME 12507
52-Week high 113.95
52-Week low 69.80
P/E 16.00
Mkt Cap.(Rs cr) 393
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 84.00
CLOSE 84.80
VOLUME 12507
52-Week high 113.95
52-Week low 69.80
P/E 16.00
Mkt Cap.(Rs cr) 393
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gulshan Polyols Ltd. (GULPOLY) - Company History

Gulshan Polyols Ltd (GPL) is a manufacturer of Calcium Carbonate and specialty chemical Sorbitol 70%.It enjoys an esteemed customer profile including some of the most trusted names in the world like Colgate-Palmolive, Hindustan Unilever, Asian Paints, Wipro, Cipla, Ranbaxy etc. It is also the largest exporter of Sorbitol from the country with a presence in 16 countries covering three continents of Asia, Africa & Australia. GPL has been recently recorded in Limca Book of Records, 2010, for pioneering in setting up the first on-site PCC plant in the country. It is an ISO 9001:2008 company, with its product Sorbitol HACCP, Halal, OU certified and has achieved many more certificates of excellence in various fields. Company was incorporated in year 1981 as Gulshan Sugars & Chemicals Limited with primary business of manufacturing Calcium Carbonate both Precipitated Calcium Carbonate (PCC) and Activated Calcium Carbonate (ACC) with an initial capacity of 2100 MTPA at Muzaffarnagar, U.P. In line with growth experienced over years, company has done regular expansions in Calcium Carbonate segment and raised its capacity to 1,05,000 MTPA. In 1996 it diversified into manufacturing corn based specialty chemical, Sorbitol, with a capacity of 45000 MTPA. Sorbitol is a starch derivative, sweet in taste, with a wide range of applications, the major being dentrifice, cosmetic, Pharma, Vitamin-C, food products etc. The company commissioned 10MW Co Gen power plants at its various locations. Further, it promoted environment-friendly technology and is compliant with various state and central pollution board norms. In 2000, the Sorbitol business was demerged into a separate entity in the name of Gulshan Polyols Ltd. Over the years, the management decided to reverse merge the two entities to derive cost benefits and improve the overall profitability. In effect from April 2007, Gulshan Sugar and Chemicals Ltd (GSCL) merged with Gulshan Polyols Limited (GPL). GPL is introducing Indus Spirits, at capacity of 60,000 Ltrs/day of Extra Neutral Alcohol plant with captive bottling facility at Industrial area, Dist. Chhindwara, M.P. (India). Bottling unit is expected to start production by June 2012. While distillery will commence production by 2014. The company set up the first of its kind On-site PCC (Precipitated calcium carbonate) manufacturing plant in the country in May 2009 with a capacity of 10000 MTPA, having a unique environment friendly technology. With a growth potential of 5 lakh MT of on-site PCC requirement in the paper industry, GPL as a sole player, see's a great growth opportunity in setting up more such plants in the near future. GPL is widening its product line of value added starch based products like MANNITOL which is a specialty polyol, currently being imported into the country, having a growth potential of 15-20% p.a. and Dextrose Monohydrate which is a specialty sugar having a huge domestic as well as export potential. GPL is undertaking a new green field project of maize grinding of 1000 tone per day with manufacture of starch, by products and high value added derivatives. GPL has been allotted an industrial land 4,05,587 Sqmtr (100 Acres) by Bihar Industrial Area Development Authority (B I A D A), Bihar, India. This location is well connected through road and rail and is easily accessible from Indian Capital New Delhi. The site is in the belt of heavy corn growing area and proximity to coal deposits.