GP Petroleums Limited ("the Company" or "the Seller") has entered into Supply Agreement for Bulk Bitumen -VG30, dated November 29, 2024, with Hindustan Petroleum Corporation Limited (a government of India Enterprise) ("HPCL" or "the Buyer") for the supply of Bulk Bitumen - VG30 conforming to IS 73-2013, at various locations as required by HPCL.
The said agreement is not with a related party and has been entered into at arm's length basis.
Key highlights of the Project are as under:
- Tenure of the Agreement- The initial order period for the agreement is for one year and which may be extendable for a further period of 1 year at the discretion of HPCL.
- Quantity of Bitumen to be supplied - Approx 50,000 MT.
- Total Deliverable Value - Approx. Rs. 223 Crores.
Shares of GP Petroleums Limited was last trading in BSE at Rs. 61.02 as compared to the previous close of Rs. 61.73. The total number of shares traded during the day was 118975 in over 640 trades.
The stock hit an intraday high of Rs. 63.08 and intraday low of 60.05. The net turnover during the day was Rs. 7224047.00. |
