Fire broke out at the third party consignment depot of Tide Water Oil (India) in Ahmedabad on April 09, 2015. Stock of lubricants worth Rs 1.35 crore approximately had been damaged. The entire stock was covered by insurance, hence process of lodging claim with the insurance company initiated. To restore normalcy in operations, the Company has initiated steps for making interim supply of goods from its other depots in Gujarat.
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.
