Gulf Oil to build lubricant plant in South India

PRLog (Press Release) - May 2, 2012 - One of the big names in the Indian oil marketing circuits in India, the London-based Gulf Oil International Limited, from the stable of the Hinduja Group, is contemplating on setting up a lubricant plant in south India.  As per its plan, the firm is eying on setting up a plant either in Tamil Nadu or the neighbouring Andhra Pradesh for the new facility and the company has envisaged an investment of Rs 150 crore.

Speaking speaking at a press conference in Chenai yesterday, after announcing the launch of its limited edition of new products, Sanjay Hinduja, Chairman of Gulf Oil International, said: "The southern market currently contributes about 30 percent to our total business and hence we have decided to set up a plant in the region".

What is more, Gulf Oil is looking for a location in coastal areas of around 30-acres land, as the raw material comes from overseas locations. The official said the new facility will have a capacity of around 70,000 tonnes. Gulf Oil is also contemplating on de-bottlenecking its existing unit at Silvasa in the Union Territory of Dadra and Nagar Haveli to add another 20,000-25,000 tonnes from the existing capacity of about 75,000 tonnes a year.  Ravi Chawla, President and CEO (Lubricant Business), Gulf Oil added that the the new facility would be ready in the next 18-34 months. For a full report, visit http://automotivehorizon.sulekha.com/gulf-oil-to-establis...