GP Petroleums renews agreement with Repsol; Stock trades higher

22 Jul 2022 , 12:43 PM

G P Petroleums Limited has informed that the Company has executed a renewal agreement with new terms and conditions for Distribution, Sale and Local Manufacturing of Repsol and ancillary products with Repsol Lubricantes Y Especialidades, S.A., Spain.

According to the filing, the renewal agreement has been executed on July 20, 2022 for the period of 5 years effective from January 01, 2022.

On Friday, at around 12:47 PM, GP Petroleums was trading at Rs47.15 per share up by Rs0.15 or 0.32% from its previous closing of Rs47 per share on the BSE.

The scrip opened at Rs46.80 and has touched a high and low of Rs47.15 and Rs45.95 respectively so far today on the BSE.