Business Update6 May 2026, 08:51 pm
Gandhar Oil completes land purchase near Silvassa factory
AI Summary
Gandhar Oil Refinery (India) Ltd has completed the purchase of a land parcel admeasuring 18,353 sq. mtrs. in Village-Naroli, Silvassa, adjacent to its existing factory. The purchase agreement was entered with Narmada Creations for ₹22,77,65,500. The transaction does not involve any shareholding or related party implications.
Key Highlights
- Gandhar Oil acquires 18,353 sq. mtrs. land parcel in Naroli, Silvassa.
- Land purchased from Narmada Creations for ₹22,77,65,500.
- The land is adjacent to the company's current factory location.
- Transaction does not involve share issuance or related parties.