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.
Company Name | CMP |
---|---|
Castrol India | 194.60 |
Savita Oil Tech | 517.75 |
Gulf Oil Lubricant | 929.95 |
Gandhar Oil Refinery | 226.55 |
Panama Petrochem | 341.45 |
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