GP Petroleums Secures Rs. 38 Crore Bitumen Supply Contract
Filing Summary
GP Petroleums Ltd has received a Letter of Allotment from Bharat Petroleum Corporation Limited (BPCL) for the supply of bulk bitumen. The contract involves sourcing 6,000 MT of VG30 and 1,800 MT of VG40 bulk bitumen, with a total value of Rs. 38 Crore. The supply will be executed over a one-year period starting January 23, 2026, at Pipavav Port. The contract may be extended for an additional year at BPCL’s discretion. This agreement does not involve any related party transactions.
GP Petroleums Ltd has announced the receipt of a Letter of Allotment from Bharat Petroleum Corporation Limited for the supply of bulk bitumen. The contract specifies the sourcing of 6,000 MT of Paving Grade Bulk Bitumen VG30 and 1,800 MT of VG40 Bulk Bitumen, conforming to IS: 73-2013 standards. The supply will be conducted at Pipavav Port over a period of one year, commencing from January 23, 2026.
The total consideration for this contract is Rs. 38,13,21,720, inclusive of GST. The contract period may be extended by an additional year at the sole discretion of BPCL. The terms and conditions of the order are as per the tender document issued by BPCL. This contract is classified as a domestic order, and there are no related party transactions involved.
The disclosure of this contract is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is in compliance with the relevant SEBI circulars. The company has been identified as “L1” for the VG30 bitumen and “L2” for the VG40 bitumen supply.
Bharat Petroleum Corporation Limited is a leading Indian oil and gas company engaged in refining, marketing, and distribution of petroleum products. The company plays a significant role in the energy sector, focusing on expanding its refining capacity and enhancing its distribution network to meet the growing demand for energy in India.
GP Petroleums Ltd is engaged in the manufacturing and marketing of industrial and automotive lubricants. The company focuses on expanding its product portfolio and strengthening its market presence in the lubricant sector. GP Petroleums aims to leverage strategic partnerships and supply agreements to enhance its business operations and market reach.