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InfrastructureMedium impactAfter close

GP Petroleums joint venture selected by IOCL for bitumen facility

after close1 source ↓written by the desknot a recommendation

bitumen dispatch
4 June 2026

GP Petroleums Limited’s joint venture, Amron Oil Resources, has been chosen by Indian Oil Corporation to operate its Bitumen Cell at Pipavav, Gujarat. The facility, part of IndianOil’s SPRINT 2026 Mission, commenced operations with its first bulk bitumen dispatch on 4 June 2026. This partnership enhances GP Petroleums' role in India's infrastructure sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 13 Jul 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

GPPL closed −2.8% on the day of the news, from ₹155.56 to ₹151.18; Nifty −0.7% over the same session.

Bulletin at 16:04 IST on 13 Jul 2026. Every change is measured from ₹155.56, the last close before it, on 13 Jul. Nifty 50 is measured over the same sessions.

  • GPPL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
GPPL closes around the bulletin against the close before the news, with Nifty 50 rebased to it138.95155.56172.17axis spans 24%before the news · 13 Jul155.56Nifty 50GPPLbulletinD0+1+3+57 Jul17 Jul28 JulReference close ₹155.56. 16 sessions from 7 Jul to 28 Jul; the price axis spans 24 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before13 Jul₹155.56basebase
On the day14 Jul₹151.18▼ −2.8%▼ −0.7%−2.2 pp difference
+1 session15 Jul₹151.34▼ −2.7%▼ −0.6%−2.2 pp difference
+3 sessions17 Jul₹151.22▼ −2.8%▲ +0.5%−3.3 pp difference
+5 sessions21 Jul₹150.80▼ −3.1%▼ −0.1%−3.0 pp difference
Gap at the open, % · ₹
▼ −0.3%−0.47 on 14 Jul
Day's range, % · ₹
2.9%≈ 4.5 high to low
Volume on the day
0.80×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · GPPL on the desk →

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