Tide Water looks to expand lube business

India’s Tide Water Oil Co. (India) Ltd. is looking at ways to expand its lubricants business, including the possibility of opening multi-brand automotive service centers. Kallol Datta, Tide Water Oil chairman, said, “We are toying with different ideas where we can go which has synergy with our existing areas of business.” Tide Water is a subsidiary of the Andrew Yule Group, with five lubricants blending plants in Howrah, Oragadam, Turbhe, Silvassa and Faridabad. The company expects revenues in 2011 to reach Rs 10 billion (US$225.2 million), up from Rs 8.6 billion (US$193.6 million) a year ago. (July 21,2011)