Ganesh Benzoplast Ltd has announced that 19% of its new and upcoming capacity at the JNPT terminal has been locked in through the closure of a long-term contract for storage and handling, prior to its scheduled commencement in March 2023.

The contract is signed with a leading chemical manufacturer starting with a 3-year renewable term, for storing and handling two tanks totaling up to 3640 Metric Tonnes. The annual revenue, resultantly, is fixed at approximately at Rs. 4 crores subject to a certain throughput.

The new and upcoming special chemical grade terminal at JNPT for 17,876 KL has been constructed to meet long term demands for storing and handling specialty chemicals such as dilute nitric acid.

Early-stage discussions to fulfill the balance capacity of the new terminal are in place, and would be announced soon.