Gulf Oil Lubricants India’s parent company -- Gulf Oil International has reached an agreement to acquire a lubricant blending plant from Ocean Tankers (PTE), Singapore, which will help it expand market share in marine lubes. The plant, which is in the Tuas region of the Island city-nation will be acquired with wharf access, storage tank farm and terminal facility as per the agreement. The facility will be acquired and continue to operate as a going concern and the agreement is subject to closing conditions.
Gulf Oil Lubricants, 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.
| Company Name | CMP |
|---|---|
| Castrol India | 182.30 |
| Savita Oil Tech | 363.05 |
| Gulf Oil Lubricant | 971.55 |
| Gandhar Oil Refinery | 147.45 |
| Panama Petrochem | 274.85 |
| View more.. | |
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