Gandhar Oil Refinery to develop terminal at Vadhvan Port

Gandhar Oil Refinery (India) Limited (BSE: 544029) has entered into a non-binding Memorandum of Understanding (MoU) with Jawaharlal Nehru Port Authority (JNPA) to participate in the development of a terminal at Vadhvan Port. The project, slated for commencement in 2030, aims to handle containers, bulk, and liquid cargo, establishing marine services and intermodal connectivity while ensuring overall ecosystem sustainability through digital solutions, IT infrastructure, and manpower training. The estimated investment for this development is approximately INR 1,000 Crores. The agreement is subject to a transparent competitive bidding process, after which a binding MoU or definitive agreement will be executed.