Shares of Ganesh Benzoplast Limited surged 5% to hit the upper circuit after the company secured a Rs 169.24 crore order from JSW Jaigarh Port Ltd. The contract involves the engineering, design, manufacturing, supply, erection, and commissioning of a chemical tank farm project at the port, located in Maharashtra.
The order, awarded on an EPC (Engineering, Procurement, and Construction) basis, includes the construction of 11 chemical tanks, dock pipelines, and civil works. The execution timeline for the project is 27 months from the start date.
This deal strengthens Ganesh Benzoplast’s presence in the chemical storage infrastructure sector and showcases its expertise in handling large-scale projects. Notably, the contract does not involve any related party transactions, and the promoters, promoter group, or group companies of Ganesh Benzoplast Limited have no interest in JSW Jaigarh Port Ltd.
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