Nhava Sheva Distribution Terminal and Ganesh Benzoplast partner for liquid cargo terminal at Jawaharlal Nehry Port

Nhava Sheva Distribution Terminal Private Limited and Ganesh Benzoplast Limted have entered into an understanding to handle liquid commodities at the shallow water berth at the Jawaharlal Nehru Port (JNP). This understanding envisages the gradual build-up of liquid volumes of up to 2 million ton to be handled at the shallow water berth. JNP presently attracts 6.3 million ton of liquid cargo comprising of LPG, petroleum products, chemicals, edible oils, acids etc.

The shallow water berth is part of Nhava Sheva Distribution Terminal (NSDT), the latest PPP venture of the J M Baxi group. Located at the state-owned Jawaharlal Nehru Port, Nhava Sheva, NSDT is a multipurpose clean cargo terminal, capable of handling container, cement, general cargo, liquid vessels, break bulk, dry bulk etc. The shallow water berth is already equipped with Ganesh Benzoplast's pipelines.

As per Mr. Rishi Pilani, Chairman and Managing Director, Ganesh Benzoplast Ltd: "This is a very critical agreement which will not only ensure better services for our customers by eliminating vessel wait times, but in the long term help increase volumes by providing berthing for bigger vessels and a variety of cargoes."

As per Mr. Dhruv Kotak, Managing Director J M Baxi group: "We are excited about our partnership with Ganesh Benzoplast. This strategic alliance will offer a one-stop integrated solution for users sourcing their liquid cargo through JNP and the synchronized facility will act as a distribution hub for the industrial belts at Maharashtra and southern Gujarat."

Ganesh Benzoplast Ltd. is one of India's largest liquid storage facilities provider with a total tankage capacity of 3.3 lakh KL across three port-based terminals at JNPA, Goa and Cochin. The company is the single largest logistics service provider in liquid commodities in the Mumbai region.

J M Baxi Ports & Logistics has a well-established network of maritime and inland terminals, integrated with hinterland connectivity and specialized value-added logistics services. It is part of the J M Baxi group, an over 105-year-old business conglomerate in marine services, ports, logistics and technology.

Shares of GANESH BENZOPLAST LTD. was last trading in BSE at Rs. 151.30 as compared to the previous close of Rs. 152.80. The total number of shares traded during the day was 24846 in over 471 trades.

The stock hit an intraday high of Rs. 153.85 and intraday low of 148.70. The net turnover during the day was Rs. 3758016.00.

Source : Equity Bulls

Keywords

GANESHBENZOPLAST INE388A01029 NhavaShevaDistributionTerminal LiquidCargoTerminal JNP