Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 - Business Agreement by Repono Mathura Terminals Private Limited, a step-down ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Repono Mathura Terminals Private Limited, a step-down subsidiary of Repono Limited, has entered into a long-term arrangement with Reliance Industries Limited. The agreement is for developing and operating a common user Petroleum Oil terminal in Western Uttar Pradesh. The terminal will handle receipt, storage, and delivery of petroleum oil products and related activities. Commercial operations are expected to begin after the development/construction phase and subject to requisite approvals and operational readiness. The arrangement is aimed at supporting the long-term business objectives and growth plans of the Repono group.
This strategic partnership with Reliance Industries signals Repono's expansion into petroleum storage infrastructure, which could positively impact the company's future revenue streams and market positioning. Shareholders should monitor project development timelines and regulatory approvals.