Gulf Oil Corporation, the Hinduja group Company, has entered into a joint development agreement (JDA) for development of approximately 76 acres of the company’s land located at Kukatpally in Hyderabad. The company has entered into JDA with Hinduja Estates after several discussions on July 30, 2012.
The sharing ratio by both has been agreed at 35:65 based on the recommendations of reputed property consultants.
Gulf Oil Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
