GANDHAR Fuels Up with Rs 24.6 Cr BHEL Transformer Oil Deal! 🚀

Big news hitting the wires for Gandhar Oil Refinery (India) Limited (GANDHAR)! 🚀 The company has just announced a significant contract win that’s set to boost its order book and fuel future growth.

Gandhar Oil has successfully secured a Rate Contract/Framework Agreement from none other than Bharat Heavy Electricals Limited (BHEL), Jhansi. This isn’t just any contract; it’s a substantial deal for the supply of Transformer Oil, a critical component for the power sector.

The agreement spans a period of two years and is valued at a robust Rs. 24.60 Crores. For Gandhar Oil, bagging a contract from a major public sector undertaking like BHEL is a testament to its product quality and reliability. Transformer oil is essential for insulating and cooling transformers, which are vital for electricity transmission and distribution. This win solidifies Gandhar Oil’s position in a crucial segment of the energy infrastructure.

This domestic order is a clear positive for the company’s order book and future revenue visibility. The market certainly took notice, with GANDHAR shares trading up 3.1% at ₹155 when this exciting news broke.

It’s always great to see Indian companies securing key contracts that contribute to the nation’s infrastructure. Keep an eye on GANDHAR as they continue to fuel the power sector! 💡

source: Corporate Announcement

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