Ganesh Benzoplast Reassures Stakeholders on JNPT Land Parcel Value Amid LPG Project Uncertainty
Ganesh Benzoplast, a leading independent Liquid Storage Tank provider, issued a statement regarding the JNPT LPG terminal project. The company is in discussions with BW Group and Confidence Petroleum India Limited (CPIL) following their decision to discontinue their involvement in the project due to global economic uncertainties and increased uncertainty around tariffs and trade. Ganesh Benzoplast owns 100% of the leasehold rights at JNPT and is considering various profitable business prospects for the land parcel, including setting up a LPG and/or other Liquid Cargo Terminal. The company will utilize the JNPT Land in a manner that provides the most optimal returns to its shareholders and accelerate the company’s growth trajectory.
Key Highlights
- Ganesh Benzoplast is in discussions with BW Group and CPIL on the next steps following their decision to discontinue the LPG project.
- The company owns 100% of the leasehold rights at JNPT and has several profitable business prospects for the land parcel.
- Ganesh Benzoplast is considering setting up a LPG and/or other Liquid Cargo Terminal on the JNPT Land.
- The company aims to utilize the JNPT Land in a manner that provides the most optimal returns to its shareholders.
- Ganesh Benzoplast is strategically positioned to set up operations due to the proximity to the port and will continue to play a key role in setting up a LPG and/or other Liquid Cargo Terminal on this land.