The contract is to be executed in three years. The estimated annual value of contract is $45 million equivalent to approximately Rs 375 crore, for each year 2024 to 2026.
Gandhar Oil Refinery India is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. It is engaged in producing pharmaceutical, health care, and performance oil (PHPO), process insulating oil (PIO) and lubricants. The firm’s products are sold under flagship brand “Divyol”.
The company reported a 57.32% decline in consolidated net profit to Rs 12.11 crore on 4.80% fall in revenue from operations to Rs 939.24 crore in Q4 FY24 over Q4 FY23.
