GP Petroleums soars on entering into agreement with Delta Fuel and Lubricants Nigeria
GP Petroleums is currently trading at Rs. 46.16, up by 1.77 points or 3.99% from its previous closing of Rs. 44.39 on the BSE.
The scrip opened at Rs. 45.10 and has touched a high and low of Rs. 46.54 and Rs. 45.10 respectively. So far 4924 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. 47.00 and Rs. 44.26 respectively. The current market cap of the company is Rs. 234.48 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 entered into a Manufacturing and Marketing Agreement with Delta Fuel and Lubricants Nigeria, based in Lagos, Nigeria (Delta), on July 08, 2025. The term of this Agreement is for a period of 5 years starting from July 01, 2025.
Under this arrangement, Delta shall manufacture/blend, supply, and market products under the brand name ‘IPOL’ in the territory of Nigeria and other West-African markets. This strategic collaboration is aimed at expanding the company’s international footprint and leveraging local market presence to enhance brand visibility and reach in the West African region.
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.
