ANA Oleo has placed an order of Rs 12.23 crore with Ganesh Benzoplast’s wholly-owned subsidiary GBL Infra Engineering Services. The contract is for the construction of sixty liquid storage tanks for their edible oil refinery project at Krishnapatnam Port, Andhra Pradesh, to be completed in nine months. GBL IES has been entrusted with the full project by ANA Oleo, a joint venture between APICAL ($25 billion Business RGE Enterprise) and ACALPO (a Singapore-based global commodity group), placing them among the leading developers of liquid storage tanks across Indian ports.
Rishi Pilani, chairman & managing director, GBL, said, “The receipt of this order only goes to further establish GBL’s credibility as one of the key players in building liquid storage terminals. We are proud to be associated with a company, as substantial as ANA Oils.
Ganesh Benzoplast is one of the leading independent liquid storage tank (LST) provider, specializing in the storage and handling of all liquid chemicals and oil products and has storage terminals at Jawaharlal Nehru Port Trust – JNPT (Navi Mumbai), Cochin Port Trust – Cochin and Mormugao Port Trust – Goa. GBL is also in the business of manufacturing speciality chemicals, food preservatives, and oil additives. The company reported a consolidated net profit of Rs 8.51 crore in the quarter ended March 2022 as against net loss of Rs 13.11 crore during the previous quarter ended March 2021. Sales declined 2.01% YoY to Rs 95.50 crore in Q4 FY22.
