GP Petroleums Limited — Important, 29-11-2024: General Updates

GP Petroleums Limited has entered into a Supply Agreement for Bulk Bitumen - VG30 with Hindustan Petroleum Corporation Limited (HPCL). The agreement spans an initial one-year period, with a possibility of a one-year extension. Approximately 50,000 MT of bulk bitumen will be supplied, with a total deliverable value of around ₹223 Crore. This agreement is executed at arm's length and is not with a related party. The partnership with HPCL not only strengthens GP Petroleums' supply chain but also positions the company for potential growth, making it a significant development to watch closely for investors.