Strategic Partnership Details
GP Petroleums Limited (GPPL) announced that its joint venture company, Amron Oil Resources Private Limited, has been selected by Indian Oil Corporation Limited (IOCL) as the operating partner for its Bitumen Cell at Pipavav, Gujarat.
Joint Venture Structure
Amron Oil Resources is a 50:50 joint venture between GP Petroleums Limited (GPPL) and West Coast Oils LLP. The company was established in 2004 and specializes in manufacturing and supply of high-performance bitumen products including Bitumen Emulsions, Polymer Modified Bitumen (PMB) and Crumb Rubber Modified Bitumen (CRMB).
Facility Inauguration
The dispatch of bulk bitumen from the Pipavav facility was flagged off on June 4, 2026, by Shri John Prasad K., Country Head (Industrial Business), Marketing Head Office, IndianOil. The inauguration ceremony was attended by Shri V. M. Gade, CGM (IB), Gujarat State Office, Shri Abhishek Tripathi, DIBH, ADO, and Shri Aman Kumar, DIBH, RDO, along with officials from IndianOil, GP Petroleums Limited and Amron Oil Resources.
The facility was inaugurated under IndianOil's SPRINT 2026 Mission Excellence initiative.
Strategic Significance
This selection reflects Amron's proven technical expertise, operational capabilities, and long-standing industry experience in providing specialty bitumen solutions. For GPPL, this achievement underscores its commitment to building value-accretive businesses that address India's critical infrastructure requirements.
Operational Impact
The Pipavav Bitumen Cell is expected to play a vital role in ensuring efficient supply of specialty bitumen products across Gujarat and neighboring regions, supporting development of stronger, longer-lasting roads and transportation infrastructure. Leveraging Pipavav's strategic port location, the facility is well-positioned to serve large-scale infrastructure projects while enhancing logistics efficiency and expanding market reach.
Management Commentary
A spokesperson for GP Petroleums Limited stated: "The selection of Amron Oil Resources as Indian Oil Corporation Limited's (IOCL) operating partner for the Pipavav Bitumen Cell marks a significant milestone for GP Petroleums. It reflects the strength of our partnerships, our technical expertise, and our commitment to contributing meaningfully to India's infrastructure growth story. We look forward to supporting IOCL in delivering high-quality bitumen solutions that will help build the roads of tomorrow."
Company Background
GP Petroleums Limited is an ISO-certified public limited company engaged in formulation, manufacturing and marketing of Industrial Lubricants, Automotive Lubricants, Process Oils, Transformer Oils, Greases and other specialty products under its "IPOL" brand. Founded in 1973, the company operates a state-of-the-art manufacturing facility at Vasai, near Mumbai, with base oil storage capacity of 15,000 KL and annual blending capacity of 80,000 KL. The company exports to more than 12 countries and has an exclusive partnership with Repsol for manufacturing and distribution of Repsol-branded lubricants in India.