GP Petroleums Ltd enters into agreement with Modern International FZE

GP Petroleums Limited has entered into a Manufacturing and Marketing Agreement with Modern International FZE, based in Hamriyah Freezone Sharjah - UAE (hereinafter referred to as "Modern") on October 09, 2025.

Modern International FZE is specialized in formulating, manufacturing, and marketing a wide range of lubricants, including industrial oils, automotive oils, process oils, transformer oils, greases, and specialty products. Located in Hamriyah Free Zone, Sharjah, United Arab Emirates, it covers an area of 10,000 square meters, capable of producing full range of high-quality lubricants with a production capacity of 40,000 metric tons per year.

The Manufacturing and Marketing Agreement is effective from October 01, 2025. Under this arrangement, Modern shall manufacture/blend, supply, and market products under the brand name "IPOL" in the territory of UAE markets.

This strategic collaboration is aimed at expanding the Company's international footprint and leveraging local market presence to enhance brand visibility and reach in the UAE region.

Shares of GP Petroleums Limited was last trading in BSE at Rs. 39.97 as compared to the previous close of Rs. 39.98. The total number of shares traded during the day was 6495 in over 104 trades.

The stock hit an intraday high of Rs. 40.39 and intraday low of 39.20. The net turnover during the day was Rs. 258563.00.

Source : Equity Bulls

Keywords

GPPetroleums INE586G01017 Agreement ModernInternationalFZE