GP Petroleums Plans To Invest Rs 100 Crs In Gujarat
GP Petroleums Ltd , a automotive and industrial lubricants player in India, some portion of UAE-based GP Global Group, plans to contribute Rs. 100 crore in another best in class plant in Saronda, Gujarat. The plant would process more than 300,000 kilo liters of ointments, in this manner empowering the organization to be available over the whole range of Indian lubes market. This will be GPPL's subsequent mixing plant in India. Aside from the home developed IPOL brand, the plant may mix REPSOL marked car items also, the organization said in an announcement.
Worldwide head for Lubricants and Base Oils at GP Global Group Sudip Shyam said the new plant is a piece of the organization's worldwide development procedure to create and market 500 million liters of lubricants over the world through both natural and inorganic courses. "The new office will quicken our development motor, which will be driven by the car portion in level two and three towns and urban communities. We as of now have a vigorous association with more than 500 wholesalers across India which will be fortified further in next scarcely any years," GPPL CEO Prashanth Achar said. "India is a significant market for GP Global and we are sure of verifying a higher piece of the pie in both car and modern sections in the coming years," Shyam included.