Gulf Oil Corporation has received an approval for restructuring of the various businesses of the company including demerger of the Lubricants business into a separate listed company and the Committee of Directors has been authorized to consider the matter in detail and make necessary recommendations. The board of the company at its meeting held on February 07, 2013 has approved for the same.
Gulf Oil Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
