Gandhar Oil Refinery (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
GANDHAR · price
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Awaiting price reaction for this filing.
Gandhar Oil Refinery has secured a Rate Contract/Framework Agreement from Bharat Heavy Electricals Limited (BHEL), Jhansi for the supply of Transformer Oil over a period of two years. The contract value is Rs. 24.60 Crores on a firm price basis throughout the contract period. The order has been awarded by a domestic entity (BHEL is a government PSU), and there are no related party interests involved. This adds to the company's order book in the transformer oil segment, which is a key product line for Gandhar.
This is a modest positive development, providing revenue visibility of Rs. 24.60 Crores over two years from a strong PSU counterparty, reducing counterparty risk. The order size appears incremental rather than transformational and is unlikely to materially move the stock on its own.