Gulf Oil Corporation has received an approval to demerge the Lubricants business into a separate listed company. The board of directors at its meeting held on May 25, 2013 has approved for the same pursuant to the recommendation of the Committee of Directors. The detailed scheme of arrangement will be considered by the board in the next meeting.
Gulf Oil Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
