Gandhar Oil Refinery India Ltd's subsidiary receives order from ADNOC

Texol Lubritech FZC - Foreign Material subsidiary of Gandhar Oil Refinery (India) Limited has received an order from Abu Dhabi National Oil Company. Texol Lubritech FZC - Foreign Material subsidiary has entered into an agreement for manufacture, package, label and make available the Products for ADNOC DISTRIBUTION on contract basis.

The forecasted average annual volume is 30,000,000 Litres (30 Million Litres) for each year 2024, 2025 and 2026.

The estimated annual value of contract is USD 45 million equivalent to approx. INR 375 Crores, for each year 2024, 2025 and 2026.

Shares of Gandhar Oil Refinery India Limited was last trading in BSE at Rs. 208.95 as compared to the previous close of Rs. 209.25. The total number of shares traded during the day was 6311 in over 306 trades.

The stock hit an intraday high of Rs. 210.60 and intraday low of 208.50. The net turnover during the day was Rs. 1322212.00.

Source : Equity Bulls

Keywords

GandharOilRefineryIndia Lubricants INE717W01049 OrderWin ADNOC