GP Petroleums Limited has entered into a significant supply agreement with Hindustan Petroleum Corporation Limited (HPCL), a Government of India enterprise. The agreement, signed on November 29, 2024, outlines the supply of approximately 50,000 MT of Bulk Bitumen VG30, conforming to IS 73-2013 standards, to various HPCL locations.
Key Highlights:
- Agreement Tenure: Initial term of one year, extendable by an additional year at HPCL’s discretion.
- Total Value: Approximately ₹223 crores.
- Compliance: The agreement is executed on an arm’s-length basis and is not with a related party.
This partnership reflects GP Petroleums’ commitment to delivering high-quality products and strengthening its position in the bitumen market.
TOPICS:
GP Petroleums