During Wednesday’s trading session, the price of a chemical company has surged by 4 percent intraday after the company announced the execution of a Joint Venture Agreement with West Coast Oils LLP.
GP Petroleums Ltd, with a market capitalization of Rs. 196.14 crores, on Wednesday. Its shares are currently trading at a CMP of Rs 38.89, against the previous closing price of Rs 38.28.it had surged up by 4 percent Intraday. The company has given a 4.22 percent return in the past month.
What Happened
GP Petroleums Ltd has signed a Joint Venture Agreement with West Coast Oils LLP On May 06, 2025, to establish a joint venture company to engage in the business of manufacturing and trading of 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 company claims that The Joint Venture will leverage the combined resources and expertise of both parties, creating a strong foundation for success and growth in the bitumen market.
The company has undertaken this 50:50 joint venture to expand the footprint and market presence in the specialty and the general bitumen sector and the main objective stands To harness the market potential of specialty and general Bitumen and to enhance the profit by acquiring specialty plant and taping the vast market potential due to increased thrust on Infrastructure by the Government.
Financials
The company’s revenue from operations has surged by 9.2 percent from Rs. 125.53 Crores in Q2FY25 to Rs. 137.17 Crores in Q3FY25, whereas the net profits of the company have grown by 37.5 percent from Rs. 4.85 crores in Q2FY2025 to Rs. 6.67 Crores in Q3FY2025.
About the company
GP Petroleums Ltd does Manufacturing & Marketing of Industrial and Automotive Lubricants, Rubber Process Oils, etc, and Trading of Base Oil, Fuel Oil, and Bitumen company is one of the leading manufacturers of industrial lubricants in India. The company manufactures a wide range of industrial and automotive lubricants, specialties, and process oils under the brand name of IPOL. Their manufacturing facilities are located at Thane in Maharashtra and Nani Daman in Daman & Diu.
The company’s product categories include automotive lubricants, including automotive oils, automotive greases and automotive speciality oils; industrial lubricants, including industrial oils, industrial greases, metal working products and industrial speciality oils; process oils, including rubber process oils and secondary plasticiser for thermoplastics, elastomers and plastics; transformer oils, and white oils.
Written by Likesh babu S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
