GP Petroleums has received Board’s approval for investment of around Rs 44.27 crore in Incubit Pipavav Terminal (IPTPL). The transaction combines a minority equity stake with management control, effective in accordance with the definitive agreements and applicable closing conditions. The investment marks the company’s foray into India’s liquid-storage and terminal logistics sector, broadening its business beyond lubricants into strategic infrastructure. IPTPL’s terminal at Pipavav Port, Gujarat, provides a platform to strengthen supply-chain security and develop storage and handling revenues alongside the company’s existing operations.
The company intends to explore stronger connectivity between the terminal and hinterland markets, evaluate expansion opportunities at Pipavav and consider further opportunities in the logistics infrastructure sector.
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.
