Ganesh Benzoplast - Cash rich chemical storage/tank king

Stock Opportunities Untested - but worth a good look
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Some key factors that could influence whether the leasehold rights are affected or not:

  • Development Obligations: If the lease agreement includes a requirement for development within a certain timeframe, failure to proceed with the LPG terminal could lead to renegotiation or even termination of the lease.
  • Alternative Use: If the lease allows for flexibility in land usage, Ganesh Benzoplast may be able to repurpose the plot for another project without losing its leasehold rights.
  • Port Authority Policies: JNPT may have specific policies regarding unused leased land, which could determine whether the company retains its rights despite the project cancellation.
  • Financial Commitments: If Ganesh Benzoplast has made financial commitments or signed contracts related to the LPG terminal, there may be legal or financial implications even if the leasehold rights remain intact.

Does anyone know how the leasehold rights are structured in case of JNPT and more specifically in this GB plot?

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BW LPG Q1 FY25

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Old news ,

Disc : Holding since the JV announced

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I never researched what was core business of BW LPG. Interesting that GB went with BW LPG as partner, who did not have any LPG infra experience or interests earlier. Just LPG trading and shipping experience. Maybe Gb thought this might negate any possibility of the partner being a threat, and will assist in LPG sourcing and shipping till JNPA. After that GB LPG terminal takes over for final LPG storage & confidence petroleum for distribution. 3 partners for 3 legs, wishful thinking it turned out to be stool, one gone all fell down.

Aegis on other hand ties up with Vopak (logn history of building terminals) for the capex heavy terminal setup part. But it retains the higher EBITDA last leg distribution business. Also sourcing and trading JV with Itochu is retained.

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