Gandhar Oil Refinery India Ltd enters into non-binding MoU with JNPA

Gandhar Oil Refinery (India) Limited ("the Company") has entered into a non-binding Memorandum of Understanding ("MoU") with Jawaharlal Nehru Port Authority ("JNPA") on April 21, 2025 to participate at Vadhvan Port for Development of Terminal for handling of Containers, Bulk & Liquid cargo and create infrastructure to facilitate Marine Services, Intermodal Connectivity, ensuring sustainability of an overall ecosystem by providing digital solutions, robust IT infrastructure and undertake manpower training and skill development.

The estimated investment for this project will be approximately ₹1,000 Crores (Rupees One Thousand Crores Only) and the project is expected to commence in the year 2030.

Further, the aforementioned development is subject to transparent competitive bidding process, on successful acceptance of the bid, a binding MoU or definitive agreement will be executed at a later date.

Shares of Gandhar Oil Refinery India Limited was last trading in BSE at Rs. 151.45 as compared to the previous close of Rs. 148.55. The total number of shares traded during the day was 12649 in over 512 trades.

The stock hit an intraday high of Rs. 152.10 and intraday low of 148.55. The net turnover during the day was Rs. 1906670.00.

Source : Equity Bulls

Keywords

GandharOilRefineryIndia Lubricants INE717W01049 MoU JNPA