
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.
Price Impact
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