GP Petroleums’ joint venture (JV) company -- Amron Oil Resources has secured Letter of Acceptance (LoA) worth Rs 74.03 crore (including 18% GST) from Indian Oil Corporation. The LoA is for the supply of Bulk Bitumen (Grades VG-30 & VG40) at Pipavav. The order is to be executed within 12 months from date of placement of contracts. The validity can be extended for a further period of 12 months on mutual consent.
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.
| Company Name | CMP |
|---|---|
| Castrol India | 185.00 |
| Savita Oil Tech | 438.75 |
| Gulf Oil Lubricant | 1002.25 |
| Gandhar Oil Refinery | 151.50 |
| Panama Petrochem | 306.35 |
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