India's Ganesh Benzoplast gains on JV to develop LPG terminal

BW LPG

30/11/2023 04:09

** Shares of India's liquid storage tank provider Ganesh
Benzoplast  GNSB.NS  rise as much as 4.3% to 177.25 rupees,
highest since Sept. 4; stock last up 2.3%
    ** Co says it will develop an LPG terminal jointly with
Singapore's BW LPG  BWLPG.OL  and Confidence Petroleum  CONF.NS 
in Mumbai 
    ** Separately, GNSB also considering a fund raise via shares
    ** About 245,000 shares change hands in early trade vs
30-day avg of ~ 208,000 shares
    ** Stock up 20.6% YTD
    

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))