GP Petroleums Ltd Share Price

GP Petroleums Secures ₹38.13 Crore Bitumen Supply Contract from BPCL

GP Petroleums Limited has received a Letter of Allotment (LOA) from Bharat Petroleum Corporation Limited (BPCL) for a ₹38.13 crore bitumen supply contract, valid from January 23, 2026, to January 22, 2027. The one-year agreement includes an option for BPCL to extend it by another year. Under the contract, GP Petroleums will supply 6,000 metric tonnes of VG30 and 1,800 metric tonnes of VG40 bulk bitumen at Pipavav Port, with all material conforming to IS: 73-2013 standards. The company emerged as the L1 bidder for VG30 and secured L2 position for VG40, highlighting its competitive edge in the petroleum products segment. The total value of ₹38.13 crore is inclusive of GST, and the transaction is not a related-party deal. This win strengthens GP Petroleums’ presence in the domestic bitumen market and underscores its growing reputation as a reliable supplier to major public sector oil companies.

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GP Petroleums Enters Bitumen Market with Strategic JV📈

GP Petroleums has entered into a Joint Venture Agreement with West Coast Oils LLP on May 6, 2025. The purpose of this JV is to engage in the manufacturing and trading of specialty bitumen products and other allied commodities, including all types and grades of Bitumen Emulsions, PMB (Polymer Modified Bitumen), CRMB (Crumb Rubber Modified Bitumen), and other value-added bitumen products. This collaboration aims to leverage the combined resources and expertise of both companies to strengthen their presence in the bitumen market and drive future growth. ✅ GP Petroleums signs JV with West Coast Oils LLP 🛢️ Focus: Bitumen Emulsions, PMB, CRMB 🤝 Collaboration to drive innovation & growth 🏗️ Expansion into high-demand infrastructure products 🌍 Strengthening footprint in industrial sectors

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