GP Petroleums Ltd inks agreement with Delta Fuel And Lubricants Nigeria Ltd

GP Petroleums Limited has entered into a Manufacturing and Marketing Agreement with Delta Fuel and Lubricants Nigeria Limited, based in Lagos, Nigeria (hereinafter referred to as "Delta"), on July 08, 2025.

Delta is a leading lubricant manufacturer, blending and marketers of premium quality engine oils, gear oils, transmission engine oils, industrial lubricants, specialty oils, marine oils, and greases supplied to various industries across Africa and middle east regions. They are specialized in toll blending with an annual blending capacity of over 36,000 Metric Tonnes.

The Manufacturing and Marketing Agreement is effective from July 01, 2025. Under this arrangement, Delta shall manufacture/blend, supply, and market products under the brand name "IPOL" in the territory of Nigeria and other West-African 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 West African region.

Shares of GP Petroleums Limited was last trading in BSE at Rs. 44.39 as compared to the previous close of Rs. 44.67. The total number of shares traded during the day was 2825 in over 100 trades.

The stock hit an intraday high of Rs. 45.41 and intraday low of 44.26. The net turnover during the day was Rs. 125931.00.

Source : Equity Bulls

Keywords

GPPetroleums INE586G01017 Manufacturing Marketing Agreement DeltaFuelandLubricantsNigeria WestAfrica