GP Petroleums to set up ₹100 crore lubes plant in Gujarat
Mumbai: GP Petroleums Ltd (GPPL), an automotive and industrial lubricant player in India, and part of UAE-based GP Global Group, plans to invest ₹100 crore in a new state-of-the-art plant in Saronda, Gujarat to process over 300,000-kilolitres of lubricants.
This will be GPPL’s second blending plant in the country and will manufacture specialty value-added products, in addition to the automotive and industrial lubricants catering to the entire value chain. Apart from the homegrown IPOL brand, the plant may blend REPSOL branded automotive products as well.
“We are very bullish about the growth of the Indian lubricant industry and aim to be one of its fastest-growing players. The new facility will accelerate our growth engine, which will be led by the automotive segment in tier two and three towns and cities.
