Ganesh Benzoplast jumps as its arm bags order worth Rs 12.23 crore from ANA Oleo

Ganesh Benzoplast is currently trading at Rs. 122.65, up by 3.15 points or 2.64% from its previous closing of Rs. 119.50 on the BSE.

Ganesh Benzoplast
Ganesh Benzoplast

The scrip opened at Rs. 118.05 and has touched a high and low of Rs. 124.00 and Rs. 118.05 respectively. So far 9442 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 139.50 on 28-Apr-2022 and a 52 week low of Rs. 65.55 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 133.85 and Rs. 118.00 respectively. The current market cap of the company is Rs. 764.21 crore.

The promoters holding in the company stood at 44.41%, while Institutions and Non-Institutions held 0.36% and 55.24% respectively.

Ganesh Benzoplast’s (GBL) wholly owned subsidiary company — GBL Infra Engineering Services (GBL IES) has bagged first prominent order worth Rs 12.23 crore from ANA Oleo to build Sixty Liquid Storage tanks to be completed within a period of 9 months, for their Edible Oil Refinery project at Krishnapatnam Port Andhra Pradesh. ANA Oleo part of ANA Oils– a joint venture between APICAL ($25 billion Group RGE Enterprise) & ACALPO (Singapore based global commodity group), has entrusted the entire project with GBL IES placing them amongst top developers of liquid storage tanks across Indian ports. Leveraging on GBI’s expertise to build storage tank terminals and pipelines for port connectivity.

GBL IES now finds itself in the epi centre of Krishnapatnam’s expansion. The port is looking at an ambitious growth plan, entailing $2 billion worth of investment. Not only does this open door to Phase II of the project (structural & piping works), but also introduces GBL, to opportunities at the Eastern Ports of India for new projects and establishing a permanent pipeline connectivity across the country, from the port jetty to the refinery plant, marking UK as a key player in the liquid storage EPC field.

Ganesh Benzoplast is engaged in the manufacturing and exporting of drug intermediates, pharmaceutical intermediates, bulk drug intermediates, food preservatives, lubricants, API/bulk drug, etc.

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