GP Petroleums jumps on signing Joint Venture Agreement with West Coast Oils LLP
GP Petroleums is currently trading at Rs. 39.20, up by 0.73 points or 1.90% from its previous closing of Rs. 38.47 on the BSE.
The scrip opened at Rs. 38.30 and has touched a high and low of Rs. 39.46 and Rs. 38.02 respectively. So far 13078 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 93.45 on 17-Sep-2024 and a 52 week low of Rs. 36.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 39.96 and Rs. 38.02 respectively. The current market cap of the company is Rs. 198.58 crore.
The promoters holding in the company stood at 42.37%, while Institutions and Non-Institutions held 0.46% and 57.16% respectively.
GP Petroleums has signed a Joint Venture Agreement with West Coast Oils LLP on May 06, 2025 to establish a joint venture company for the purpose of engaging in the business of manufacturing and trading of the specialty bitumen products and other allied commodities - all types and grades of Bitumen Emulsions, PMB (Polymer Modified Bitumen), CRMB (Crumb Rubber Modified Bitumen) and other value-added Bitumen Products.
The Joint Venture will leverage the combined resources and expertise of both the parties, creating a strong foundation for success and growth in the bitumen market.
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.
