Gandhar Oil Refinery Acquires Land Parcel in Raigad for Rs 5.5 Crores
Gandhar Oil Refinery (India) Limited has entered into a purchase agreement for a land parcel, strengthening its property portfolio. The transaction involves the acquisition of immovable properties located in Village Kherane Khurd, Taluka Panvel, District Raigad.The company executed the purchase agreement on August 13, 2026. The acquired land parcel measures approximately 86.50 gunthe, which is equivalent to 8751.33 square meters, and corresponds to Survey No. 143.
Gandhar Oil Refinery (India) Limited purchased the property for a consideration of Rs 5,50,43,998/- (Rupees Five Crores Fifty Lakhs Forty-Three Thousand Nine Hundred Ninety-Eight Only).
The agreement was executed with Mr. Lahu Atmaram Patil, Mr. Eknath Atmaram Patil, Mrs. Geeta Namdeo Patil and others. The purchase of the land is intended to serve as part of a broader transaction that was previously intimated in May 2026.
Details regarding the land acquisition are summarized below:
| Aspect | Details |
|---|---|
| Acquirer | Gandhar Oil Refinery (India) Limited |
| Counterparties | Mr. Lahu Atmaram Patil, Mr. Eknath Atmaram Patil, Mrs. Geeta Namdeo Patil & Others |
| Purpose | Purchase of Land |
| Land Size | 86.50 gunthe (equivalent to 8751.33 sq. mtrs) |
| Consideration | Rs 5,50,43,998/- |
The company confirmed that none of the sellers involved in the agreement are related to the promoter or the promoter group of Gandhar Oil Refinery (India) Limited. Furthermore, the transaction has been determined not to fall under related party transactions and no significant terms, such as special rights regarding capital structure or board appointments, were specified in the agreement.
GANDHAR Stock Price Movement
Shares of Gandhar Oil Refinery (India) Limited edged higher on Thursday, closing at ₹244.75 after gaining 3.53%. The stock traded a total volume of 1,608,155 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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