SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Explosion occurs at the Finishing Section of the Detonating Cord Plant of Gulf Oil Corporation

27 Apr 2013 Evaluate

Gulf Oil Corporation, a leading company of lubricants and has suffered an explosion in the Finishing Section of the Detonating Cord Plant at Hyderabad Factory on April 25, during the 2nd shift at around 7.09 pm. A cave in the roof in the Finishing Section and some damages in the spinning and packing sections leaded to this explosion. 2 workmen were died in this explosion, any other workmen/ supervisors were not injured in this incident.

The affected Detonating Cord Plant contributes approximately Rs 12 crores annually to the total turnover of Rs. 83 crores of the Factory. The entire plant and machinery of factory is insured. The cause of the accident, full extent of the damage and restart of operations is being assessed. Other operations are continuing normally in Hyderabad Factory.

Gulf Oil Corporation  is in the business of industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients and pharma formulations. The company is multi-locational with factories and service centres across India.

GOCL Corporation Share Price

323.45 14.30 (4.63%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×