Ganesh Benzoplast Secures ₹51.33 Crore Order from Reliance Industries for Carbon Fiber Project
Ganesh Benzoplast Limited secured an order worth ₹51.33 crore from Reliance Industries Ltd. for mechanical package work on the Carbon Fiber Project in Hazira. The EPC contract is expected to be executed in approximately 11 months.
The order value of ₹51.33 crore is substantial and is expected to contribute to the company's revenue over the next 11 months, indicating a medium-term impact.
The company has received a significant order from a major client, which is a positive development for its business.
Ganesh Benzoplast Limited (GBL) has announced the receipt of a significant order valued at ₹51.33 crore from Reliance Industries Ltd. This contract is for mechanical package work, including plant piping works, erection of prefabricated structures, and equipment erection for a Carbon Fiber Project located in Hazira.
The order is for a domestic entity and falls under the EPC (Engineering, Procurement, and Construction) category. The execution of this contract is expected to take approximately 11 months from its commencement.
GPL confirmed that neither its promoters, promoter group, nor group companies have any interest in Reliance Industries Ltd. Furthermore, the order does not constitute a related party transaction and is not expected to be done at arm's length.
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Ganesh Benzoplast Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ganesh Benzoplast Limited. Read the original for the full detail.