GP Petroleums (NSE:GULFPETRO, BOM:532543) has entered into a joint venture agreement with West Coast Oils to form a new company, according to a filing with the Indian stock exchanges on Tuesday.
The entity will focus on manufacturing and trading specialty bitumen products, including bitumen emulsions, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), and other value-added variants, the filing said.
Both parties will hold an equal 50% stake in the joint venture, the filing said.
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