GP Petroleums Limited enters into distributorship agreement with NOOR Trading

GP Petroleums Limited has entered into a Distributorship agreement with M/s. NOOR Trading, Bangladesh on February 17, 2024. This agreement is effective from February 01, 2024, and enables the marketing, advertising, promotion, import, distribution, supply, and sale of 'REPSOL' products in the territory of Bangladesh. These products are manufactured and marketed by GP Petroleums Limited under the license from REPSOL LUBRICANTES Y ESPECIALIDADES S.A., Spain.

This strategic partnership is expected to not only strengthen our market presence but also to enhance export sales, facilitating the seamless distribution of 'REPSOL' products to a broader market.

Shares of GP Petroleums Limited was last trading in BSE at Rs. 70.14 as compared to the previous close of Rs. 69.60. The total number of shares traded during the day was 33746 in over 618 trades.

The stock hit an intraday high of Rs. 74.00 and intraday low of 69.75. The net turnover during the day was Rs. 2414992.00.

Source : Equity Bulls

Keywords

GPPetroleums INE586G01017 DistributorshipAgreement NOORTrading Bangladesh