StockWatch
·
Oil Storage & Transportation
Business Update30 May 2026, 08:51 pm

Repono Ltd Enters Agreement with Reliance for UP Oil Terminal

AI Summary

Repono Mathura Terminals Private Limited, a step-down subsidiary of Repono Limited, has entered into a long-term agreement with Reliance Industries Limited for the development and operation of a common user Petroleum Oil terminal in Western Uttar Pradesh. The project aims to facilitate the receipt, storage, and delivery of petroleum oil products through a dedicated storage terminal facility. Commercial operations are expected to commence after the completion of the development/construction phase and subject to necessary approvals.

Key Highlights

  • Repono subsidiary partners with Reliance for oil terminal project.
  • Project aims to develop and operate a petroleum oil terminal in UP.
  • The terminal will facilitate storage and delivery of petroleum products.
  • Commercial operations are subject to approvals and readiness.
  • Arrangement supports Repono group's long-term business objectives.