GP Petroleums invests ₹44.27 Cr for control of Incubit Pipavav Terminal

GP Petroleums Limited (GPPL) has announced its Board's approval for a strategic investment of approximately ₹44.27 Crores in Incubit Pipavav Terminal Private Limited (IPTPL). This transaction involves acquiring a minority equity stake coupled with management control, marking GPPL's entry into the liquid-storage and terminal logistics sector. The investment aims to strengthen supply-chain resilience and create a platform for growth by leveraging IPTPL's terminal at Pipavav Port, Gujarat. GPPL plans to explore connectivity to hinterland markets, expansion opportunities, and further ventures in logistics infrastructure. The funding will come from internal reserves, with the acquisition potentially occurring in tranches over one year. This move diversifies GPPL's business beyond lubricants into strategic infrastructure, with a focus on developing recurring storage and terminal income.