By: ICN Bureau
Last updated : April 23, 2025 11:37 am
The project is expected to commence in the year 2030
Gandhar Oil Refinery (India) Limited has entered into a non-binding Memorandum of Understanding (MoU) with Jawaharlal Nehru Port Authority (JNPA) on April 21, 2025 to participate at Vadhvan Port for development of terminal for handling of containers, bulk & liquid cargo and create infrastructure to facilitate marine services, intermodal connectivity, ensuring sustainability of an overall ecosystem by providing digital solutions, robust IT infrastructure and undertake manpower training and skill development.
The estimated investment for this project will be approximately Rs. 1,000 crores and the project is expected to commence in the year 2030.
Further, the aforementioned development is subject to transparent competitive bidding process, on successful acceptance of the bid, a binding MoU or definitive agreement will be executed at a later date.