GandharOilRefinery (India) zooms on inking MoU with Jawaharlal Nehru Port Authority
Gandhar Oil Refinery (India) is currently trading at Rs. 157.95, up by 6.50 points or 4.29% from its previous closing of Rs. 151.45 on the BSE.
The scrip opened at Rs. 156.95 and has touched a high and low of Rs. 159.00 and Rs. 155.40 respectively. So far 8105 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 253.25 on 16-Oct-2024 and a 52 week low of Rs. 128.30 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 159.00 and Rs. 145.00 respectively. The current market cap of the company is Rs. 1536.71 crore.
The promoters holding in the company stood at 65.01%, while Institutions and Non-Institutions held 1.96% and 33.03% respectively.
Gandhar Oil Refinery (India) 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 undertake manpower training and skill development.
The estimated investment for this project will be around Rs 1,000 crore and the project is expected to commence in the year 2030. Further, 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.
Gandhar Oil Refinery (India) is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries.
