Gulf Oil Lubricants has partnered with Gulf Oil International (GOI) for investing and exploring opportunities in the Electric Vehicle (EV) charging space. The company has entered into an agreement with Gulf Oil International to participate and co-invest in Gulf Oil International's recent investment along with the Clean Growth Fund (CGF - a UK venture capital fund) in a UK-based smart energy and electric vehicle technology company Indra Renewable Technologies.
The charging station market, as per estimates, is expected to have a good potential in coming years, wherein around 50-60 per cent is expected to be in residential charging solutions which is where Indra is positioned to play.
Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.
Company Name | CMP |
---|---|
Castrol India | 196.00 |
Savita Oil Tech | 538.40 |
Gulf Oil Lubricant | 1170.15 |
Gandhar Oil Refinery | 215.35 |
Panama Petrochem | 390.45 |
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