Company Profile

GULF OIL LUBRICANTS INDIA LTD.

NSE : GULFOILLUBBSE : 538567ISIN CODE : INE635Q01029Industry : LubricantsHouse : Hinduja
BSE697.75-7.5 (-1.06 % )
PREV CLOSE (Rs.) 705.25
OPEN PRICE (Rs.) 700.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 622
TODAY'S LOW / HIGH (Rs.)689.15 703.00
52 WK LOW / HIGH (Rs.)541.05 846.15
NSE696.40 -11.05 (-1.56 % )
PREV CLOSE(Rs.) 707.45
OPEN PRICE (Rs.) 700.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 696.40 (104 )
VOLUME 7000
TODAY'S LOW / HIGH(Rs.) 687.30 711.65
52 WK LOW / HIGH (Rs.)537 842

Company News

Date Heading Details
17-Apr-2021 Gulf Oil Lubricants India informs about disclosure <DIV align=justify><SPAN>Gulf Oil Lubricants India has informed that it does not fulfill the criteria of being a 'Large Corporate' as on March 31, 2021 as prescribed in the framework provided in para 2.2 of the aforesaid Circular.</DIV><SPAN><DIV align=justify><BR></DIV><DIV align=justify><SPAN>The above information is a part of company's filings submitted to BSE.</DIV><DIV><BR></DIV>
12-Feb-2021 TCS, Biocon and RITES to see some action today <p align="justify"><strong>Tata Consultancy Services</strong> (TCS) has strengthened its partnership with Snowflake, with the launch of a curated version of its TCS DAEzMo suite of solutions that enables businesses to accelerate their data landscape modernization and migration to Snowflake's data cloud. The company helps customers across industries resolve complex business-centric data challenges with the power of cloud.</p><p align="justify"><strong>Biocon's</strong> subsidiary -- Biocon Biologics (BBL) and Viatris have received marketing authorization approval from the European Commission for Kixelle, Biosimilar Insulin Aspart, following the positive recommendation by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency. Kixelle, a fast-acting insulin analog indicated for the treatment of diabetes mellitus in adults, adolescents and children aged 1 year and above, has been approved as a 100 units/ml solution for injection in vial and pre-filled pen presentations. </p><p align="justify"><strong>RITES</strong> has, in consortium, emerged as L-1 bidder for a General Consultancy order from Haryana Rail Infrastructure Development Corporation for their Haryana Orbital Rail Corridor (HORC) which is a new electrified Broad-Gauge double line (about 144 kms) from Palwal to Sonipat via Sohna, Manesar and Kharkhoda in the state of Haryana with speed potential of 160 kmph. Fee payable to the consortium will be about Rs 61 crore.</p><p align="justify"><strong>Artson Engineering</strong> has received order confirmation of Rs 9.01 crore from Convergence Chemicals for design, manufacture, supply &amp; transport of Fluorination Reactor - 01 No. The time period by which the order is to be executed is 8 months.</p><p align="justify"><strong>Gulf Oil Lubricants</strong> has partnered with Gulf Oil International (GOI) for investing and exploring opportunities in the Electric Vehicle (EV) charging space. The company has entered into an agreement with Gulf Oil International to participate and co-invest in Gulf Oil International's recent investment along with the Clean Growth Fund (CGF - a UK venture capital fund) in a UK-based smart energy and electric vehicle technology company Indra Renewable Technologies.</p><p align="justify"><strong>Eicher Motors'</strong> motorcycle arm -- Royal Enfield has launched a new version of its adventure-touring motorcycle Himalayan priced at Rs 2.01 lakh (ex-showroom Delhi). The company has introduced the updated model across India, Europe, and the UK, in three new distinctive, terrain-inspired colorways, along with a range of upgrades.</p><p align="justify"><strong>3M India</strong> has decided to consolidate its manufacturing operations in Pune, Maharashtra to a single facility in Ranjangaon and discontinue its production unit at its Pimpri facility during the quarter October - December 2021. At present, the Pimpri facility is owned and managed by 3M Electro &amp; Communication India, a 100% subsidiary of 3M India. Once all the related approvals are in place 3M shall ensure smooth transition of the business and is committed to minimizing any disruption for its customers.<br></p>
11-Feb-2021 Gulf Oil Lubricants partners with GOI for investing, exploring opportunities in EV charging space <p align="justify">Gulf Oil Lubricants has partnered with Gulf Oil International (GOI) for investing and exploring opportunities in the Electric Vehicle (EV) charging space. The company has entered into an agreement with Gulf Oil International to participate and co-invest in Gulf Oil International's recent investment along with the Clean Growth Fund (CGF - a UK venture capital fund) in a UK-based smart energy and electric vehicle technology company Indra Renewable Technologies.<p align="justify">The charging station market, as per estimates, is expected to have a good potential in coming years, wherein around 50-60 per cent is expected to be in residential charging solutions which is where Indra is positioned to play.<p align="justify">Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.</p>
09-Feb-2021 Gulf Oil Lubricants trades higher on BSE <p align="justify">Gulf Oil Lubricants is currently trading at Rs. 720.30, up by 7.00 points or 0.98% from its previous closing of Rs. 713.30 on the BSE.<p align="justify">The scrip opened at Rs. 720.00 and has touched a high and low of Rs. 725.50 and Rs. 719.35 respectively. So far 1712 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 849.05 on 27-Feb-2020 and a 52 week low of Rs. 450.00 on 23-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 726.80 and Rs. 678.30 respectively. The current market cap of the company is Rs. 3623.80 crore.<p align="justify">The promoters holding in the company stood at 72.02%, while Institutions and Non-Institutions held 17.51% and 10.17% respectively.Gulf Oil Lubricants has received approval from board of directors for acquisition of minority stake in Indra Renewable Technologies (IRTL) (incorporated under the laws of England and Wales) from Gulf Oil International -- a Cayman Island company. Through this investment, Company will have access to this technology and also exclusivity for India market from IRTL which is key to EV strategy of India.<p align="justify">Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.</p>
08-Feb-2021 Gulf Oil Lubricants gets nod for acquisition of minority stake in Indra Renewable Technologies <p align="justify">Gulf Oil Lubricants has received approval from board of directors for acquisition of minority stake in Indra Renewable Technologies (IRTL) (incorporated under the laws of England and Wales) from Gulf Oil International -- a Cayman Island company. Through this investment, Company will have access to this technology and also exclusivity for India market from IRTL which is key to EV strategy of India.<p align="justify">Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.</p>
08-Feb-2021 Gulf Oil Lubricants jumps on getting nod for acquisition of minority stake in Indra Renewable Technologies <p align="justify">Gulf Oil Lubricants India is currently trading at Rs. 715.00, up by 18.95 points or 2.72% from its previous closing of Rs. 696.05 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 694.00 and has touched a high and low of Rs. 721.00 and Rs. 694.00 respectively. So far 8356 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 849.05 on 27-Feb-2020 and a 52 week low of Rs. 450.00 on 23-Mar-2020.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 726.80 and Rs. 667.20 respectively. The current market cap of the company is Rs. 3576.00 crore.<br></p><p align="justify">The promoters holding in the company stood at 72.02%, while Institutions and Non-Institutions held 17.51% and 10.17% respectively.</p><p align="justify">Gulf Oil Lubricants has received approval from board of directors for acquisition of minority stake in Indra Renewable Technologies (IRTL) (incorporated under the laws of England and Wales) from Gulf Oil International -- a Cayman Island company. Through this investment, Company will have access to this technology and also exclusivity for India market from IRTL which is key to EV strategy of India.</p><p align="justify">Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.<br></p>
08-Feb-2021 Hindustan Aeronautics, Bharat Dynamics and AstraZeneca Pharma to see some action today <p><strong>Hindustan Aeronautics</strong> (HAL) has signed a memorandum of understanding (MoU) with Safran Aircraft Engines, France at Aero India 2021 to explore opportunities for strategic business cooperation that leverage the complementary talents and capabilities of the both parties and support development of a robust ecosystem for aero-engines in India, consistent with the goals of the Government of India's Make in India initiative.</p><p><strong>Bharat Dynamics</strong> (BDL) has launched two new products during Aero India- 2021 - the ‘Dishani' and ‘Garudastra'. Garudastra is an advanced anti submarine self guided state of the art homing torpedo being designed and developed by NSTL, DRDO with BDL as the development partner. Dishani, an expendable air-deployed ASW sonobuoy system being designed and developed by NPOL, DRDO. BDL is the development partner for Dishani.</p><p><strong>AstraZeneca Pharma</strong> <strong>India</strong> has received Import and Market Permission in Form CT-20 (Subsequent New Drug Approval) from the Drugs Controller General of India for Dapagliflozin Tablets 10mg. Dapagliflozin Tablets 10mg is now approved for additional indication: For the treatment of patients of Chronic Kidney Disease up to Stage III (eGFR of greater than or equal to 30ml/min/1.73m2). The receipt of this permission paves way for the launch of Dapagliflozin Tablets 10mg into a new disease area to Nephrologists in India, subject to the receipt of related statutory approvals and licenses.</p><p><strong>Tata Motors</strong> has opened bookings of the all-new Safari. Customers can book this new premium SUV at a refundable amount of Rs 30,000 on https://cars.tatamotors.com/suv/safari or visit the nearest Tata Motors Authorized Dealership and be on the priority delivery list. The vehicles are now on display and available for test drives across the company's dealer network. Furthermore, price announcement and deliveries of the all-new Safari will begin on February 22, 2021.</p><p><strong>Gulf Oil Lubricants</strong>' board has approved to enter into an agreement with Gulf Oil International (GOI) to participate and co-invest in GOI's recent investment along with the Clean Growth Fund (CGF- a UK venture capital fund) in Indra, the UK Based Electric vehicle (EV) and smart energy technology company developing innovative charging and energy storage solutions for home and commercial use. With this investment, Gulf India will get access to an established technology in EV charging space to adopt the same for Indian conditions and leverage its wide distribution and brand strengths to extend Gulf Branded residential and commercial charging points as per the evolving needs of Indian consumers.</p><p><strong>Adani Enterprises'</strong> Wholly Owned Subsidiary-- Adani Airport Holdings (AAHL) has acquired 23.5% equity stake i.e. 28,20,00,000 Equity Shares of Rs 10 of Mumbai International Airport (MIAL) from ACSA Global (ACSA) and Bid Services Division (Mauritius) (Bidvest). MIAL is engaged in the business of development, construction and operation of Chhatrapati Shivaji Maharaj International Airport.</p><p>In keeping with its vision in achieving Sustainability, <strong>Ambuja Cements</strong> has notched yet another first with the commencement of ‘Sea trials on Bio-diesel Blends' by one of its fleet of captive ships, ‘Ambuja Mukund' that was conducted at sea. Ambuja has received approvals to conduct this sea trial from the Directorate General of Shipping (DGS) and the Indian Register of Shipping (IRS), thus marking a new chapter in Indian coastal shipping.<br></p>
08-Feb-2021 Corporate Action- Fixes Record Date For Payment Of Interim Dividend For FY 2020-21. We inform you that the Board of Directors of Gulf Oil Lubricants India Limited (the Company) at their meeting held on February 05, 2021 have fixed February 17, 2021 as the record date for the payment of interim dividend for FY 2020-21. Request you to kindly take note of the same.
06-Feb-2021 Gulf Oil Lubricants' gets nod to enter into agreement with Gulf Oil International <P align=justify>Gulf Oil Lubricants' board has approved to enter into an agreement with Gulf Oil International (GOI) to participate and co-invest in GOI's recent investment along with the Clean Growth Fund (CGF- a UK venture capital fund) in Indra, the UK Based Electric vehicle (EV) and smart energy technology company developing innovative charging and energy storage solutions for home and commercial use.<P align=justify>With this investment, Gulf India will get access to an established technology in EV charging space to adopt the same for Indian conditions and leverage its wide distribution and brand strengths to extend Gulf Branded residential and commercial charging points as per the evolving needs of Indian consumers. Gulf India will become a shareholder with CGF and GOI in Indra, alongside OVO Group, which had provided seed capital and technical support to Indra via Kaluza, its technology business.<P align=justify>Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.<BR>
05-Feb-2021 Board declares Interim Dividend Gulf Oil Lubricants India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 05, 2021, inter alia, has considered and approved / taken on record the following: - Payment of interim dividend of Rs. 7.00 per equity share (i.e. 350% on face value of Rs 2 per equity share) for the year 2020-21.