GP Petroleums wins Rs 38.13 cr bitumen supply order from BPCL

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+2.0%+3.0% vs market

On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

GP Petroleums has received a Letter of Allotment from BPCL for supply of bulk bitumen. The company emerged as L1 bidder for 6,000 MT of VG30 and L2 for 1,800 MT of VG40 bitumen at Pipavav Port. The one-year contract is valued at about Rs 38.13 crores inclusive of GST and may be extended by another year. The order is domestic with no related party interest.

Likely market impact

Strengthens order book with a PSU win; about Rs 38 cr annual revenue boost likely; positive for near-term outlook.