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GP Petroleums Ltd.

BSE: 532543 Sector: Industrials
NSE: GULFPETRO ISIN Code: INE586G01017
BSE 00:00 | 24 Apr 2020 GP Petroleums Ltd
NSE 05:30 | 01 Jan 1970 GP Petroleums Ltd

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OPEN 38.40
PREVIOUS CLOSE 39.90
VOLUME 31
52-Week high 74.20
52-Week low 24.60
P/E 9.97
Mkt Cap.(Rs cr) 195
Buy Price 37.00
Buy Qty 1.00
Sell Price 38.20
Sell Qty 1000.00
OPEN 38.40
CLOSE 39.90
VOLUME 31
52-Week high 74.20
52-Week low 24.60
P/E 9.97
Mkt Cap.(Rs cr) 195
Buy Price 37.00
Buy Qty 1.00
Sell Price 38.20
Sell Qty 1000.00

GP Petroleums Ltd. (GULFPETRO) - Chairman Speech


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Company chairman speech

Dear Shareholders

This Has Been A Historic Year Where Our Country Took Centre Stage And The Entire WorldWatched As The People Of India Voted For Their New Leaders. We Witnessed Nda Winning The2019 Elections In Emphatic Fashion Clearly Indicating The Pro Incumbency Mood Of TheNation. The Dance Of Democracy Conducted At The End Of Every Five Years Is RepresentativeOf India's Incredible Diversity In Terms Of Its Languages Religions Castes CreedRegions Urban And Rural Disparities.

India's Growth Story

The Indian Economy Continues To Grow And Surpass The Global Economic Growth Which Is AtA Steady 3 Percent. Our Country's Gdp Is Estimated To Grow By 7.5% In 2020 Making Us OneOf The World's Fastest-Growing Major Economy. The Growth Prospects For Advanced EconomiesAre Likely To Plateau Somewhat Over The Medium Term Sustained By An Increase In TheRelative Size Of Economies Such As China And India Which Are Projected To Enjoy RobustGrowth. This Stable Global Growth Is Expected To Lead To Higher Demand For Oil AndLubricants.

India's Growth Rate Is A Result Of Revolutionary Policy Changes That Have Focused OnModernizing The Country Developing Infrastructure Increasing Jobs As Well As Creating AConducive Business Environment. Economic Growth Brings Along Increased Prosperity AndImproved Standards Of Living Thereby Providing The Much Needed Stimulus To Sales OfVehicles And Augments Industrial Consumption. It Would Be Pertinent To Point Out That YourCompany Is Well Placed To Cater To The Growing Lubricants Demand Both Automotive AndIndustrial Resulting From Higher Vehicular And Industrial Equipment Sales. Furthermore WeHave Successfully Catered To The Growing Needs Of Automotive Industrial Marine AndProcess Oil Markets Through Implementation Of Cutting-Edge Technologies And CompetentCompliance Systems.

External Influence On Business

Last Year Global Crude Oil Prices Showed Movements In Both The Directions Within TheYear. In October 2018 Global Oil Prices Touched $86.74 A Barrel The Highest Since 2014.However Crude Oil Prices Are Expected To Average Out In 2019 And Further Decrease In2020 According To World Bank.

The Trade War Between The Us And China Along With Uncertainties Arising From The UsSanctions On Iran Would Keep Crude Prices Under Control Which Would In Turn Boost India'sGrowth. The Union Budget 2019 Had A Huge Focus On Creating A Favourable Platform ToIncrease Use Of Ev's With Multiple Exemptions And Deductions In Duty's And Taxes. HoweverIt Would Be Pertinent To Point Out That The Need For Lubricants Would Still RemainSignificant Understood From The Various Research Agencies In The Oil & Gas As Well AsFrom Automotive Oems.

Last Year At A Glance

From Its Inception In India Brand Repsol Continues To Deliver Beyond Expectations AndIs On Its Double Digit Growth Trajectory. Your Company Won The ‘Greatest Sales GrowthAward For Repsol Lubricants' At The Global Emai Awards 2017 Held In Madrid Spain InApril 2018. We Recorded The Highest Growth Rate For Repsol Lubricants As Compared To AllThe Other Markets That The Spanish Oil Major Is Present In. For The Calendar 2018 YourCompany Was Also Awarded The Hse (Health Safety & Environment) Award By Repsol SpainDuring Their Annual Event. This Was Based On The Quick Response Your Company Took ToImprove The Safety Standards In Our Operations And Also For Building Safety AwarenessAmong The Two Wheeler Riders In India And Partnering With Social Organisations And TheLocal Police. Also A Unique Repsol Branded Helmet Was Distributed Through PromotionalEvents.

The Journey Of Repsol Started With The Motor Cycle Range Of Products And Today In ItsThird Year It Has Synthetic Range Of Lubricants For Motor Cycle Passenger Cars AndPremium Mineral For Commercial Vehicle. The Brand Has Been Well Accepted In The IndianMarket And Widely Available Across Country Through Our Channel Network. Our Objective IsTo Make It Available In Each & Every City.

The Year 2018 Also Marked The Milestone Of Signing An Extended Agreement With RepsolSpain Licencing Us For Distribution Of Repsol Lubricants In The Neighbouring Countries OfSri Lanka Nepal And Bhutan For The Products Manufactured In Our Plant At Vasai Mumbai.We Have Invested In Resources To Step Up Our Technical Capability In Qc And R&D AndWarehouse Management System (Wms). We Are Also Pleased To Inform That Your Company IsFully Prepared To Meet The Challenges Of Introduction Of Bharat Vi Compliant Lubricants.

In Another Milestone We Forayed Into International Territories By Signing An AgreementWith Mag Lube Llc A Leading Manufacturer Of Lubricants In The Middle East To ManufactureAnd Market Ipol Lubricants Across The World. The Current Focus Would Be In The MiddleEast Africa And Far East Markets Mainly In The Automotive And Industrial Lubricant Space.

Your Company Also Ventured Into New Horizons By Launching New Products To Capture AGrowing Business In A Different Industry Segment. We Launched Diesel Exhaust Fluid WhichWe Have Branded As Ipol Clearblue Is Targeting All The New Generation Commercial VehiclesWhich Have To Confirm To The Bharat Vi Norms. We Have Also Launched Ipol Engine Coolant(Antifreeze) To Bring More Value Added Products To Our Automotive Portfolio. The B2bBusiness Has Also Forayed Into Horticultural Orchard Spray Oil By Getting Into AMarketing Arrangement For Co-Branding As Ipol- Specol And Was Launched During The WinterOf 2018. These Oils Are Mainly Be Marketed In The State Of Himachal Pradesh And J&K InIndia As They Are The Sole Producers Of Apple In Our Country.

Company Values

Your Company Imbibes Values That Guide Us To Bring About Positive Transformation AndAugment Inclusive Growth. As A Responsible Corporate Citizen Our Policy Is To Nurture ACulture That Imbibes The Attributes Of Quality Management And Environment Friendliness.This Policy Along With The ‘Clean And Green Policy' Forms An Integral Part Of TheCompany's Culture And Is Communicated Through Established Channels Of Communication. WeWould Like To Thank All Our Shareholders For Their Continuing Support And Look Forward ToDelivering Another Year Of Value Adding Growth.

With My Best Wishes

Manan Goel

Chairman


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