Gulf Oil expansion to double its capacity

The Hinduja group said it plans to invest Rs1 billion (US$20.2 million) for the construction of an automated lubricants blending manufacturing plant in south India. The expansion is aimed at doubling its capacity in India of Gulf Oil Corporation Ltd., which is part of the Hinduja group. The company has a current capacity of 75,000 tons at Silvassa, in the Union Territory of Dadra and Nagar Haveli. The new plant is expected to be finished and operational in two years. In the last fiscal year (2010-2011), Gulf Oil Corp. posted a 20.60% growth in turnover at Rs6.79 billion (US$137 million) compared to Rs5.63 billion (US$113.9 million) in the previous fiscal year (2009-10). (September 19, 2011)