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GP Petroleums CEO-Lubricants Pradeep Kishore Mittal Resigns Effective January 31, 2026
GP Petroleums Limited has announced the resignation of Mr. Pradeep Kishore Mittal from his role as CEO-Lubricants. The resignation was tendered on January 28, 2026, and will be effective from the close of business hours on January 31, 2026. Mr. Mittal cited personal reasons for his departure from the company. As a key member of the Senior Management Personnel, his exit marks a transition in the leadership of the company's core lubricants business.
Key Highlights
Mr. Pradeep Kishore Mittal resigns as CEO-Lubricants effective January 31, 2026
Resignation letter submitted on January 28, 2026, citing personal reasons
Mr. Mittal was classified as Senior Management Personnel (SMP) of the company
The company has placed on record its appreciation for his contributions during his tenure
💼 Action for Investors
Investors should monitor the company's announcement regarding a successor to ensure leadership continuity in the lubricants segment. While the resignation is for personal reasons, any delay in finding a replacement could impact operational focus.
GP Petroleums Wins ₹38.13 Crore Order from BPCL for Bulk Bitumen Supply
GP Petroleums Limited has secured a contract from Bharat Petroleum Corporation Limited (BPCL) for the supply of bulk bitumen. The company emerged as the L1 bidder for 6,000 MT of VG30 bitumen and L2 for 1,800 MT of VG40 bitumen. The total contract value is approximately ₹38.13 Crores, including GST. The execution period is one year, starting from January 23, 2026, with a potential one-year extension at BPCL's discretion.
Key Highlights
Total order value of ₹38,13,21,720 inclusive of GST
Supply of 6,000 MT of VG30 (L1 status) and 1,800 MT of VG40 (L2 status) Bulk Bitumen
Contract execution period from January 23, 2026, to January 22, 2027
Provision for a one-year extension at the sole discretion of BPCL
Supply location designated at Pipavav Port
💼 Action for Investors
Investors should monitor the company's ability to maintain margins on this PSU contract. This win provides healthy revenue visibility for the next fiscal year.