Ganesh Benzoplast bags order to build 60 Liquid storage tanks for ANA Oleo; stock tanks ~5%

13 Jun 2022 , 12:43 PM

Ganesh Benzoplast Limited informed that GBL Infra Engineering Services Private Limited (GBL IES), its wholly-owned subsidiary, has received its first prominent order worth Rs12.23 crore.

The order has been received from ANA Oleo Pvt. Ltd. to build 60 Liquid Storage Tanks. The company is expected to complete the order within a period of 9 months.

These containers are to be built for ANA Oleo’s Edible Oil Refinery Project at Krishnapatnam Port, Andhra Pradesh.

Rishi Pilani, Chairman & Managing Director — GBL, commented, “The receipt of this order further establishes GBL’s credibility as one of the key players in building liquid storage terminals. We are delighted with our association with ANA Oils.

As the world economy is constantly changing and opening up new and unexpected events. It becomes important for us to play a part in catering to the nation’s progress towards efficiency, sustainability, and autarky. We look forward to a positive future for the company and to be ready for what is ahead.”

At around 12.48 PM, Ganesh Benzoplast was trading at Rs120 down by Rs6.25 or 4.95% from its previous closing of Rs126.25 on the BSE. The scrip touched intraday high and low of Rs123.75 and Rs119.60 respectively.