Gulshan Polyols(GPL) - Business by FMCG and Valuation by Commodity

MP liquor ban is a hanging sword on Gulshan’s new plant at Chhindwara. Although, liquor sales contribute 10,000 cr in revenues for the MP state government, liquor has now become more of a political issue with women voters urging for this ban. Here are some recent articles in this regard -

http://www.freepressjournal.in/bhopal/bhopal-gujarat-bihar-report-stops-chouhan-from-blanket-ban/1146303

I am not sure how this ban, if implemented around next elections, could effect Gulshan’s Chhindwara plant. As happened in Bihar, consumption ban can be followed up with manufacturing ban as well (manufacturing licenses were not renewed). Gulshan is yet to get license from the excise department for this plant. Big investments have already been made on this plant.