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Tide Water Oil moves up on plan to set up manufacturing plant in Canada

Veedol Corporation Ltd. | Lubricants | Automobiles | BSE: 590005 | NSE: VEEDOL

01 Sep 2014 Evaluate

Tide Water Oil Company (India) is currently trading at Rs. 12135.00, up by 14.75 points or 0.12% from its previous closing of Rs. 12120.25 on the BSE.

The scrip opened at Rs. 12100.00 and has touched a high and low of Rs. 12369.90 and Rs. 12000.00 respectively. So far 227 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 13004.90 on 21-Jul-2014 and a 52 week low of Rs. 6556.00 on 06-Sep-2013.

Last one week high and low of the scrip stood at Rs. 12501.00 and Rs. 11751.00 respectively. The current market cap of the company is Rs. 1058.60 crore.

The promoters holding in the company stood at 26.22% while Institutions and Non-Institutions held 11.32% and 62.46% respectively.

Tide Water Oil is planning to set up manufacturing plant in Canada. The possible investment required for the plant would be around Canadian $100 million. Moreover, the Canadian plant could cater to the markets of entire North and South America.

In Central America, the company was also marketing the brand in Mexico through a licensee agreement. Tide Water had also started test marketing the product in USA.

The company, which has five manufacturing facilities in India, was not mulling undertaking any immediate capital expenditure within the country.

Tide Water Oil Company is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants.

Veedol Corporation Share Price

1440.70 9.95 (0.70%)

17-Apr-2026 16:59 View Price Chart

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Tide Water Oil moves up on plan to set up manufacturing plant in Canada

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