GP Petroleums' Joint Venture Amron Oil Resources Selected as Operating Partner for IOCL's Pipavav Bitumen Cell
Mumbai, July 10, 2026: GP Petroleums Limited (GPPL) has reached a significant milestone through its joint venture company, Amron Oil Resources Private Limited. The specialized entity, which is a 50:50 partnership between GP Petroleums Limited and West Coast Oils LLP and was established in 2004, specializes in manufacturing and supplying high-performance bitumen products that support India's expanding road and infrastructure sector.During the year, Amron Oil Resources was selected by Indian Oil Corporation Limited (IOCL) as the operating partner for its Bitumen Cell located at Pipavav, Gujarat. The dispatch of bulk bitumen from the facility was flagged off on June 4, 2026, an event that took place under IndianOil's SPRINT 2026 Mission Excellence initiative.
Amron’s selection reflects the company’s established technical expertise and operational capabilities in providing specialty bitumen solutions. The production portfolio of Amron includes Bitumen Emulsions, Polymer Modified Bitumen (PMB), and Crumb Rubber Modified Bitumen (CRMB). These products are engineered to enhance road durability, performance, and sustainability.
For GPPL, this partnership with IOCL reinforces its strategic direction and underscores its commitment to contributing value-accretive businesses that meet the nation's critical infrastructure requirements. The Pipavav Bitumen Cell is strategically located and expected to play a vital role in efficiently supplying specialty bitumen products across Gujarat and neighboring regions.
A spokesperson for GP Petroleums Limited stated regarding the development, "The selection of Amron Oil Resources as Indian Oil Corporation Limited’s (IOCL) operating partner for the Pipavav Bitumen Cell marks a significant milestone for GP Petroleums. It reflects the strength of our partnerships, our technical expertise, and our commitment to contributing meaningfully to India's infrastructure growth story."
GPPL has strategically expanded its operations beyond traditional petroleum products into specialized, high-growth segments that support India's infrastructure development. The company itself is an ISO-certified entity engaged in the formulation, manufacturing, and marketing of Industrial Lubricants, Automotive Lubricants, Process Oils, Transformer Oils, Greases, and other specialty products under its "IPOL" brand.
The company operates a state-of-the-art manufacturing facility near Mumbai with a base oil storage capacity of 15,000 KL and an annual blending capacity of 80,000 KL. GP Petroleums maintains a strong presence in Industrial Lubricants, Rubber Process Oils, and Automotive Lubricants, exporting products to more than 12 countries. Furthermore, the company holds an exclusive partnership with Repsol, the global Spanish multi-energy company, for manufacturing and distribution of Repsol-branded lubricants in India.
GULFPETRO Stock Price Movement
GP Petroleums Limited closed today after gaining 2.64%, settling at ₹38.67 in post-market trading. The company's stock saw a volume of 23,937 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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