Gandhar Oil Refinery (India) Limited has informed the Exchange about General Updates
GANDHAR · price
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Gandhar Oil Refinery has signed a non-binding MoU with Jawaharlal Nehru Port Authority (JNPA) on April 21, 2025, to participate in the development of a terminal at the upcoming Vadhvan Port. The project will handle containers, bulk and liquid cargo, and will also cover marine services, intermodal connectivity, digital/IT infrastructure, and skill development. The estimated investment is around ₹1,000 Crores, with the project expected to commence around 2030. The MoU is not final — it is subject to a competitive bidding process, and a binding agreement will follow only if Gandhar wins the bid.
This signals a major diversification for Gandhar Oil Refinery into port and logistics infrastructure, though the ₹1,000 Crore commitment is still conditional and far away (2030). For now, this is a positive strategic update but not yet a confirmed contract, so the immediate impact on the stock may be limited.