Gulf Oil Corporation Limited

Company limited by Shares (2) 396+ employees

Gulf Oil Corporation Limited Description

Gulf Oil Corporation Limited, a chemical hub of Hinduja group was created with the help of Gulf Oil India Limited merging with IDL Industries Limited in the year 2002. It has helped the company gain grip of the large marketing networks of lubricants and industrial explosives businesses. The company was initially called IDL Industries Limited, but was later changed to Gulf Oil Corporation Limited with the awaited merger of Gulf Oil India's business. The company started with a new division called the property development division in the year 2006. Presently, the three operating divisions are: Energetics Division. This division manufactures, markets and provides technical services in industrial explosives, detonators, explosive bonded metal clads and special devices from defiance as well as a space application. The company is involved in the sourcing, blending and distribution of motor fuels for branded outlets and private label retail outlets that are operated by major chain retailers. The company offers gasoline, diesel products, alternative fuels, racing fuels, automatic transmission fluids, gear lubricants, transformer oils, two- cycle oils, chain saw oils and many more. They also produce motor oils, heating oils and bio-fuels. The company supplies their products through a network of retail centres, wholesale distributors, commercial and industrial accounts. The company has been expanding their services in coal, iron, ore, manganese and limestone mines too. The company plans and operates the mines and is currently handling about more than sixty million tonnes of rock and ore per year. The company has recently been awarded the Best Employer Brand Award.

Gulf Oil Corporation Limited Overview

396+ employees
Company limited by Shares
Non-govt company
20 Apr,1961
N/A Related OEMs
N/A No. of plants

Company Breakup

Name share
Public Financial Companies
Foreign Holdings
Bodies Corporate
Mutual Funds
Total Number Of Shareholders 98577
Shareholding As On 2017-08-29

Gulf Oil Corporation Limited in News

11 Jun 2021

Indian government offers 32 areas in latest small oil, gas field auction

As many as 32 oil and gas blocks with 75 discoveries have been offered in the Discovered Small Field (DSF) round-III. These small and marginal fields were discovered by state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) but they were not economically viable to be developed due to the fiscal regime and their small size.

22 May 2021

Crude oil drillers and Bitcoin miners bond over natural gas

The trailers - carrying pipes, generators and computers - are called “mining rigs.” But their owners aren’t there to drill for oil. They are using stray natural gas unwanted by oil companies to power their search for another treasure: cryptocurrencies like Bitcoin.

22 May 2021

Great commodities boom of 2021 hits pause amid wider selloff

A rebound in the world’s largest economies as the vaccination against Covid-19 rolls out is stoking demand for metals, food and energy when supplies are still constrained, creating short-term shortages in goods ranging from oil to lumber.

18 May 2021

Petrol, diesel prices increase after a day's pause

Across the country as well the petrol and diesel prices increased between 25-30 paise per litre on Tuesday but its actual retail prices varied depending on the level of local levies in respective states

29 Apr 2021

India's COVID-19 crisis may lead to oil supply glut - Rystad Energy

The struggle in India, one of the world's largest oil consumer, will slash an extra 575,000 barrels per day (bpd) of oil liquids demand in April and 915,000 bpd in May 2021, disturbing the almost-balanced global oil market, according to the energy consultancy.

25 Apr 2021

India’s Covid crisis threatens a global oil recovery

India was one of the bright spots for oil demand growth, alongside China, where the pandemic appears to have been controlled. Demand for oil in the world’s third-largest oil market was expected to be above, or close to, pre-pandemic levels this year. Those forecasts now look certain to be revised lower.

21 Apr 2021

Global oil demand to peak in 2026 -Rystad Energy

World demand is now seen peaking at 101.6 million barrels of oil per day (bpd) in 2026, down from a forecast made in November of a peak in 2028 at 102.2 million bpd, Rystad Energy said.

07 Apr 2021

Oil rises on stronger economic outlook, U.S. stockpile draw

Prices were buoyed as data on Tuesday showed U.S. job openings rose to a two-year high in February while hiring picked up. This followed earlier data showing U.S. services activity touching a record high in March and China's service sector showing the sharpest increase in sales in three months.

Directors of Gulf Oil Corporation Limited

Name DIN Email Designation Date of joining
Ajay Prakash Hinduja Unlock to View Unlock to View Director 11 Aug,2014
Subhas Pramanik Unlock to View Unlock to View Managing Director 08 Jul,2011
Kanchan Uday Chitale Unlock to View Unlock to View Director 05 Oct,2009
Kasaragod Ashok Kini Unlock to View Unlock to View Director 27 Sep,2006
Madras Seshamani Ramachandran Unlock to View Unlock to View Director 25 Oct,2005
Ramkrishan Prakash Hinduja Unlock to View Unlock to View Director 19 Aug,2002
Venkatasubramanian Unlock to View Unlock to View Director 27 Nov,1997

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