Engineering Company Bags New Order Worth Rs 169,24,00,000 From JSW Jaigarh Port Ltd

The stock is up by 17 per cent from its 52-week low of Rs 101 per share and the company has a market cap of Rs 849.5 crore.

Ganesh Benzoplast Limited (GBL) has secured a significant domestic Engineering, Procurement, and Construction (EPC) order from JSW Jaigarh Port Ltd, valued at Rs 169.24 crore. This contract entails the complete execution of a Chemical Tank Farm project, encompassing engineering, design, manufacturing, supply, erection, and commissioning. Specifically, GBL will be responsible for constructing 11 chemical tanks, a dock pipeline, and associated civil works, with an estimated project completion timeline of approximately 27 months from commencement.

Ganesh Benzoplast Ltd, established in 1986, operates as an independent Liquid Storage Tank (LST) provider, offering conditioned storage facilities for bulk liquids and chemicals at key Indian ports including Jawaharlal Nehru Port Trust (JNPT), Cochin Port Trust, and Mormugao Port Trust. Additionally, the company diversifies its operations into manufacturing and exporting a range of specialty chemicals, food preservatives, and industrial lubricants, alongside its involvement in rail logistics. This dual focus on infrastructure and chemical production positions Ganesh Benzoplast Ltd. across multiple business verticals within the chemical and logistics sectors.

On Tuesday, shares of Ganesh Benzoplast Ltd jumped 12.43 per cent to Rs 118 per share from its previous closing of Rs 104.95 per share. The stock is up by 17 per cent from its 52-week low of Rs 101 per share and the company has a market cap of Rs 849.5 crore.

Disclaimer: The article is for informational purposes only and not investment advice.