GP Petroleums Reports Q3FY26 Results and Approves Rs. 14.75 Crore Specialty Bitumen Plant Acquisition
GP Petroleums Reports Q3FY26 Results and Approves Rs. 14.75 Crore Specialty Bitumen Plant Acquisition is drawing significant interest across the industry.
GP Petroleums announced Q3FY26 financial results showing revenue growth of 24.50% to Rs. 16,923.08 lakhs while net profit declined to Rs. 523.52 lakhs. The Board approved acquisition of specialty bitumen manufacturing plant at Savli, Vadodara for maximum consideration of Rs. 14.75 crores from related party New Horizons Asphalt Private Limited, shifting from earlier joint venture approach due to implementation challenges.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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