Gandhar Oil refinery signs pact with JNPA for Marine Services Development
Oil Manufacturing firm, Gandhar Oil Refinery (India) Limited 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
New Delhi: Oil Manufacturing firm, Gandhar Oil Refinery (India) Limited 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 undertaking manpower training and skill development.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
The estimated investment for this project will be approximately Rs 1,000 Crores (Rupees One Thousand Crores Only) and the project is expected to commence in the year 2030.
Read Also : HUDCO appoints two Non-Official Independent Directors on BoardFurther, 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 were closed at Rs 152.00 higher by 2.3 percent.
Read Also : IOCL Q4 Results: Net Profit stood at Rs 7,265 crore Margin beats estimates high at 7%