Gandhar Oil Stock Jumps 7% Following MoU with Jawaharlal Nehru Port Authority

• Gandhar Oil Refinery’s stock surged by up to 6.9%, reaching ₹161.9 per share, marking its highest level since early February.
• The rise follows the company’s announcement of a non-binding MoU with Jawaharlal Nehru Port Authority on April 21, 2025.
• The MoU aims to collaborate on the development of Vadhvan Port, focusing on creating a terminal for handling containers, bulk, and liquid cargo.
• The project, estimated to cost ₹1,000 crore, is slated to begin in 2030, subject to a transparent competitive bidding process.
• A binding agreement will be executed once the bid is accepted successfully.