Gulshan Polyols Limited announced that it has received, signed and executed a Long Term Offtake Agreement on January 8, 2022, for setting up of upcoming Standalone dedicated ethanol plant of 500 KLPD at MPAKVN Industrial Area, Borgaon, Tehsil Sausar, Distt. Chhindwara, Madhya Pradesh in ethanol deficit states for supply of Indigenous Denatured Anhydrous Ethanol to Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) (PSU Oil Marketing Companies or OMCs). under Ethanol Blending Petroleum Program to meet ethanol requirements for 20 % blending by year 2025 by using com/maize and rice combination.