Gandhar Oil Refinery and JNPA Signed MoU for the Vadhvan Port Terminal

Gandhar Oil Refinery (India) Ltd. has signed a non-binding Memorandum of Understanding (MoU) with Jawaharlal Nehru Port Authority (JNPA) on April 21, 2025. The MoU concerns potential collaboration for the development of a terminal at the upcoming Vadhvan Port.

As of 12:24 PM on April 22, 2025, Gandhar Oil Refinery (India) share price was trading at ₹158.78, up 4.82% for the day, showing a 5.47% gain over the past month but a 28.50% decline over the past six months.

Details of the Planned Terminal

The terminal is expected to be designed for handling container, bulk, and liquid cargo. Apart from cargo management, the plan includes building infrastructure to support marine services and intermodal connectivity. It will also involve setting up IT systems and digital tools for operations.

The company has estimated an investment of approximately ₹1,000 crore for the project. If it moves forward, development work is expected to begin ahead of an operational start in 2030.

Subject to Competitive Bidding

The MoU does not confirm participation. The agreement is non-binding and the actual execution will depend on the outcome of a transparent competitive bidding process. If Gandhar Oil’s bid is successful, a binding agreement will be signed later.

Additional Components

The proposed project includes infrastructure development beyond the physical terminal. It mentions plans for manpower training and skill development to support operational requirements at the site. IT infrastructure will also be a focus, alongside solutions for efficient cargo handling.

Formal Disclosures

The company made the disclosure in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was communicated to both BSE and NSE.

Read more: Gandhar Oil Refinery Shares Slipped ~3% After Release of Q2 FY25 Results.

Conclusion

The MoU is Gandhar Oil’s initial interest in the Vadhvan Port project. At present, the agreement is not binding, and further developments will depend on the competitive bidding process. The project, if awarded, is expected to begin operations in 2030.

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