Ganesh Benzoplast Ltd announces pre-sale for Long-Term services for 19% capacity at New JNPT Terminal

Ganesh Benzoplast Ltd has announced that 19% of its new and upcoming capacity at the JNPT terminal has been locked in through the closure of a long-term contract for storage and handling, prior to its scheduled commencement in March 2023.

The contract is signed with a leading chemical manufacturer starting with a 3-year renewable term, for storing and handling two tanks totaling up to 3640 Metric Tonnes. The annual revenue, resultantly, is fixed at approximately at Rs. 4 Crs subject to a certain throughput.

The new and upcoming special chemical grade terminal at JNPT for 17,876 KL has been constructed to meet long term demands for storing and handling specialty chemicals such as Dilute Nitric Acid.

Early-stage discussions to fulfill the balance capacity of the new terminal are in place, and would be announced soon.

Shares of GANESH BENZOPLAST LTD. was last trading in BSE at Rs. 149.00 as compared to the previous close of Rs. 148.95. The total number of shares traded during the day was 16378 in over 577 trades.

The stock hit an intraday high of Rs. 150.80 and intraday low of 146.45. The net turnover during the day was Rs. 2452667.00.

Source : Equity Bulls

Keywords

GANESHBENZOPLAST INE388A01029 JNPTTerminal PreSale SpecialChemicalGradeTerminal SpecialtyChemicals