GP Petroleums' PBT increases 8 times to Rs 7.12 cr in 1FY2015-16
Speaking on the results, S. Thangapandian, Executive Director, Gulf Petrochem said “The past year has been a momentous one for everyone at Gulf Petrochem. The acquisitions fit our strategy to enhance the company’s integrated proposition and extend its capabilities to manufacture, supply and globally distribute a wider variety of products. We recently renamed Sah Petroleum Ltd to GP Petroleums Ltd to unfurl a new chapter in the group’s business in India.”
“Our Q1 performance reflects our turnaround journey. Our strategic vision incorporates better performance & profitability of the company in the near future. The coming year paves the landscape for new businesses that we are targeting.” said by K. Murali, CEO, GP Petroleums Ltd.Recently, GP Petroleums Ltd formed a strategic partnership with Spain’s No 1 petroleum company “Repsol” to exclusively manufacture and market Repsol’s superior and comprehensive line of premium quality lubricants across India.
GP Petroleums Ltd has been specializing in designing, manufacturing and marketing, Industrial & Automotive Lubricants, Process oils, Transformer oils, Greases and other specialties under the brand name IPOL in India and overseas for more than three decades. With trading offices across four continents, Gulf Petrochem is in the perfect position to maximize value from the IPOL brand and market over 400 products in countries outside the Indian sub-continent.
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