Gulf Oil Lubricants India Ltd (GOLIL) announced that its new lubricant blending plant in Ennore, Chennai, in the southeastern coast of India, started commercial production last Thursday. At an investment of between INR 100-150 crores (approximately USD15-22 million), the lube blending plant's installed manufacturing capacity is 50,000 KL per annum, which will boost its lubricants blending capacity to 135,000-140,000 metric tonnes per annum. Gulf Oil Lubricants India also has a lubricant blending plant in Silvassa, in western India, with a capacity of 90,000 KL.
Gulf Oil Lubricants India, which is part of the Hinduja Group, supplies a wide range of automotive and industrial lubricants and greases. Gulf Oil International (GOI), parent of GOLIL, owns the Gulf brand globally, except in the U.S.A., Spain and Portugal. GOLIL, and as part of parent company GOI, is present in more than 100 countries.
The company has direct tie-ups with original equipment manufacturers (OEMs), including Ashok Leyland (a Hinduja Group entity), Mahindra& Mahindra, Bajaj among others and is a leading player in the after market.
Gulf Oil Lubricants India's net profit rose 38% to Rs 40.42 crore on a 22.6% rise in net sales to Rs 322.95 crore in Q2 September 2017 over Q2 September 2016.
Chennai, formerly known as Madras, is nicknamed “The Detroit of India”, with more than one-third of India’s automobile industry being based in the city.