GP Petroleums share price gained in the early trade on May 7 company has signed a joint venture agreement with West Coast Oils LLP to establish a joint venture company.
At 09:41am, GP Petroleums was quoting at Rs 38.62, up Rs 0.15, or 0.39 percent, on the BSE.
Both the company to form JV company for the purpose of engaging in the business of manufacturing and trading of the specialty bitumen products and other allied commodities - all types and grades of Bitumen Emulsions, PMB (Polymer Modified Bitumen), CRMB (Crumb Rubber Modified Bitumen) and other value added bitumen products.
Both the companies will be investing equally in the proposed joint venture company and shall have equal representation on the board of the JV company.
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The share touched a 52-week high of Rs 93.45 and a 52-week low of Rs 36.00 on 17 September, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 58.67 percent below its 52-week high and 7.28 percent above its 52-week low.
The market capitalisation of the company stands at Rs 196.90 crore.
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