GP Petroleums to set up lubricant plant worth Rs 100 cr
The plant will process over 3,00,000 kilo ltr of lubricants
GP Petroleums (GPPL) has firmed up plans to invest Rs 100 crore in a new state-of-the-art plant in Saronda, Gujarat.
The plant will process over 3,00,000 kilo ltr 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. This plant will cater to India specifically and also the South Asian market.
Apart from the homegrown IPOL brand, the plant may blend REPSOL branded automotive products as well. The company aims to market 500 million ltr of lubricant in five years globally with market entries in Africa, some of the Middle East countries and South Asia.
The company currently operates a plant in Vasai near Mumbai, Maharashtra, with an annual capacity of 80,000 tonne and houses a storage facility of 15,000 tonne.