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Ganesh Benzoplast inks pact with Cisternina Logistics to sell liquid storage tank business
Sep-30-2026

Ganesh Benzoplast (GBL) has signed definitive agreements with Cisternina Logistics (CLPL), a bulk liquid and gas storage and logistics platform to be majority owned by funds managed and advised by KKR, a leading global investment firm. Pursuant to this transaction, the company will sell and transfer its liquid storage tank business at terminals located at the Jawaharlal Nehru Port (JNP), Goa Port and Cochin Port on a slump sale basis, as well as its shareholding in ILSL Rail Logistics, a wholly owned subsidiary of Infrastructure Logistics Systems (which is a subsidiary of the company), which will operate the Rail Logistics Business situated in Daund. The aggregate consideration for the transaction is Rs 1,154 crore, subject to the terms as detailed in the definitive agreements.

The completion of the transaction remains subject to necessary regulatory and shareholders’ approvals and is expected to occur in tranches over the next 18-24 months. The company will consider enhancement of shareholder value by corporate actions viz. buyback as per the regulatory provisions. Further, GBL shall utilize the proceeds from the sale to grow and expand its capacity for manufacturing of chemicals, food preservatives and lube oil additives, chemical trading and to execute higher value projects in the EPC business.

In addition to the above, CLPL has entered into definitive documents to engage GBL for EPC relating to the expansion, construction and building of pipelines and tanks at the JNP facility. The EPC related services are expected to generate additional revenue of around Rs 280 crore (excluding taxes) to GBL over the next 18-24 months.

Ganesh Benzoplast is one of the leading independent Liquid Storage Tank (LST) providers, specializing in the storage and handling of all liquid chemicals and oil products. It is also engaged in the business of manufacturing speciality chemicals, food preservatives and oil additives and providing EPC services.


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