Gulf Oil Lubricants setting up plant in Chennai with Rs 120 crore investment

04 Aug 2014 Evaluate

Gulf Oil Lubricants India (GOLIL), part of the Hinduja group, is setting up a 75,000-KL capacity plant in Chennai. In this regard, the company will invest about Rs 120 crore. The company is also expanding the capacity of its existing plant at Silvassa in Dadra and Nager Haveli from 75,000 KL to 90,000 KL.

GOLIL, the lubricant division of Hyderabad-based Gulf Oil Corporation (GOCL), has been demerged and listed on the BSE and NSE recently. The revenue of GOLIL in 2013-14 stood at Rs 1,017 crore.

The company’s lubricant business has reached the size and scale to take up its future in a more focused manner independently. Hence, GOLIL will manage the standalone lubricant business in India under Gulf Oil brand.

Gulf Oil Lubricant Share Price

1158.90 -12.95 (-1.11%)
23-Dec-2024 09:09 View Price Chart
Peers
Company Name CMP
Castrol India 200.30
Savita Oil Tech 532.25
Gulf Oil Lubricant 1158.90
Gandhar Oil Refinery 220.90
Panama Petrochem 399.50
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.