Ganesh Benzoplast Limited (GBL), a leader in chemical storage solutions, has recently secured a significant Rs. 169.24 crore order from JSW Jaigarh Port Ltd for the engineering, design, manufacturing, supply, erection, and commissioning of a Chemical Tank Farm. The project is set to take place on an EPC (Engineering, Procurement, and Construction) basis, and it involves the construction of 11 chemical tanks, a dock pipeline, and various civil works.

This contract highlights the growing demand for chemical storage infrastructure and signals a significant expansion opportunity for Ganesh Benzoplast. The order comes from JSW Jaigarh Port, a major domestic entity, and represents a key development for the company, reinforcing its position in the chemical tank and storage solutions market.

Key Terms and Details of the Order:

• Order Value: Rs. 169.24 crore, excluding GST.

• Scope of Work: The contract includes engineering, design, manufacturing, supply, erection, and commissioning of the Chemical Tank Farm at JSW Jaigarh Port.

• Project Duration: The contract is expected to be executed within approximately 27 months from the commencement of the project.

• Domestic Entity: The contract has been awarded by a domestic entity, JSW Jaigarh Port Ltd.

• Promoter Group Involvement: There is no involvement of the promoters or the promoter group in the awarding entity, ensuring that the order is free from related party transactions.

Ganesh Benzoplast Limited has confirmed that the JSW Jaigarh Port Ltd contract will not fall under related party transactions, and it has been awarded at arm's length, ensuring full transparency and compliance with all necessary regulations.

This new order is a testament to Ganesh Benzoplast’s ability to handle large-scale industrial projects and underscores the company’s commitment to delivering world-class infrastructure solutions. As the chemical tank farm project progresses, Ganesh Benzoplast will be responsible for the complete engineering and construction processes, showcasing its strong capabilities in handling complex and high-value projects.

In conclusion, the Rs. 169.24 crore order from JSW Jaigarh Port Ltd marks a pivotal moment in Ganesh Benzoplast’s expansion strategy, providing the company with a high-profile project that will not only enhance its operational portfolio but also boost its reputation in the chemical storage industry. With a clear timeline for completion, this contract solidifies the company's position as a leader in the EPC sector, especially in the chemical storage infrastructure space.

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