GP Petroleums has entered into Supply Agreement with Hindustan Petroleum Corporation (HPCL) for the supply of Bulk Bitumen - VG30 conforming to IS 73-2013, at various locations as required by HPCL. The said agreement is not with a related party and has been entered into at arm’s length basis.
The initial order period for the agreement is for one year and which may be extendable for a further period of 1 year at the discretion of HPCL. The quantity of Bitumen to be supplied is around 50,000 MT with total deliverable value of around Rs 223 crore.
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.
