Gulshan Polyols has received sanction letter from Hongkong and Shanghai Banking Corporation (‘HSBC’ or ‘Bank’) for term loan of Rs 170 crore for setting up of an ethanol project of 500 KLPD capacity at Boregaon in Madhya Pradesh. The said term loan is with Door-to-Door tenor of 5 years including one year moratorium.
Gulshan Polyols is engaged in manufacturing of ‘Sorbitol-70%’. Sorbitol, a starch derivative, sweet in taste, finds wide range application, the major uses in dentrifice, cosmetic, Pharma, Vitamin-C, food products etc.
