Gandhar Oil Refinery (India) Limited has informed the Exchange about Purchase of land at Taloja.
GANDHAR · price
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Gandhar Oil Refinery reported strong FY2026 results with standalone revenue of Rs 3,422.56 crore (up 8% YoY) and net profit of Rs 138.39 crore (up 84% YoY). Consolidated revenue was Rs 4,241.18 crore with net profit of Rs 137.25 crore. The Board approved purchase of land measuring approximately 21,551 sq. meters at Village Kherane Khurd, Taluka Panvel, District Raigad. Key leadership continuity was maintained with re-appointment of both Joint Managing Directors (Samir Parekh and Aslesh Parekh) for 5 years. The company also plans to incorporate a new wholly-owned subsidiary in South Africa. Committee reconstitution was done following Mrs. Deena Mehta's resignation.
The land acquisition signals potential capex for expansion, while strong profit growth (+84% YoY standalone) is positive for shareholders. The South Africa subsidiary indicates geographic diversification. However, the land purchase value is not disclosed, making it difficult to assess the scale of the capital outlay.