India Glycols Limited has announced that it has received an allocation for the supply of 18.06 crore litres of ethanol under the Ethanol Blended Petrol Programme (EBPP) for the Ethanol Supply Year (ESY) 2024-25. The total estimated value of the allocated supply stands at ₹1,264.20 crore, reinforcing the company’s role in India’s growing ethanol-blending initiative.
The share price of India Glycols has gained 32.54% in the past 1 year and the stock is down by 13% in the last 1 month.
The ethanol supply allocation has been awarded by key public and private sector entities, including:
These entities collectively form the key players in India’s fuel distribution network, working towards increasing ethanol blending in petrol to reduce the country’s dependency on crude oil imports.
The ethanol allocation for ESY 2024-25 has been distributed among different entities as follows:
| Entity | Quantity (crore litres) | Estimated Value (₹ crore) |
| Oil Marketing Companies (OMCs) (BPCL, IOCL, HPCL) | 17.53 | 1227.1 |
| Private Oil Companies (Reliance, Nayara Energy) | 0.53 | 37.1 |
| Total | 18.06 | 1264.2 |
India Glycols will fulfil the ethanol supply allocation from its plants located in Kashipur and Gorakhpur. The ethanol supplied under this contract is produced using:
This aligns with the government’s initiative to use alternative feedstocks for ethanol production, reducing reliance on sugarcane-derived ethanol and ensuring sustainable fuel supply.
The ethanol supply contract is domestic in nature, covering the period from November 1 2024 to October 31, 2025. The contract does not involve any related party transactions, and the company’s promoters do not have any direct interest in the awarding entities.
The Ethanol Blended Petrol Programme (EBPP) is part of the Indian government’s broader strategy to enhance ethanol blending in petrol, aiming for 20% ethanol blending by 2025-26. This initiative contributes to:
India Glycols’ latest allocation further cements its role in this crucial national objective.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Feb 20, 2025, 2:22 PM IST
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