MoU22 Apr 2025, 01:03 am
Gandhar Oil Refinery Enters MoU with JNPA for Vadhvan Port Development
AI Summary
Gandhar Oil Refinery (India) Limited has entered into a non-binding Memorandum of Understanding with Jawaharlal Nehru Port Authority to participate at Vadhvan Port for Development of Terminal for handling of Containers, Bulk & Liquid cargo and create infrastructure to facilitate Marine Services, Intermodal Connectivity, ensuring sustainability of an overall ecosystem by providing digital solutions, robust IT infrastructure and undertake manpower training and skill development. The estimated investment for this project is approximately 31,000 Crores and the project is expected to commence in the year 2030, subject to a transparent competitive bidding process.
Key Highlights
- Gandhar Oil Refinery entered into a non-binding MoU with Jawaharlal Nehru Port Authority
- The MoU is for the development of a terminal at Vadhvan Port for handling Containers, Bulk & Liquid cargo
- The project aims to create infrastructure for Marine Services, Intermodal Connectivity, and provide digital solutions
- The estimated investment for the project is 31,000 Crores
- The project is expected to commence in 2030, subject to a competitive bidding process