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Gulf Oil Lubricants repays long term non-fund based facilities

26 Mar 2019 Evaluate

Gulf Oil Lubricants India has repaid in full the long-term non-fund based facilities availed from its bankers and there is no outstanding under the said facilities as on date and therefore ratings assigned by CARE to the said long-term facilities has been discontinued.

Gulf Oil Lubricants India, 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.

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