GP Petroleums’ Board has given the authority to the Company to enter into a Joint Venture Agreement (JV) with West Coast Oils, based in Vadodara, Gujarat to form a new entity. Both the parties will be investing equally in the new entity to be formed.
The JV entity will be formed as a joint venture of the Company with West Coast oils with the objective of expanding the footprint and market presence in the speciality and general bitumen sector and to carry on business as manufacturers, processors, refiners, makers, stockiest, traders and distributors of various types of specialty bitumen products.
GP Petroleums is a leading lubricant player, specializes in industrial & automotive lubricants, process oils, transformer oils, greases and other specialties under the brand name IPOL in India and overseas market.
