Friday, July 2, 2010

>Gulf Oil Corporation Limited

Gulf oil corporations Ltd (GOCL) is engaged in a blend of diverse business areas such as industrial explosives, lubricants, mining services, specialty oils, & chemicals, active pharma ingredients (bulk drugs) & pharma formulation.

Strong organic growth is expected across segments driven by increased prices & robust economic growth.

Gulf oil is planning to develop a 39 acre land in Bangalore, for the development of the land, Gulf Oil has a joint venture with Hinduja Realty Ventures.

Gulf Oil is planning an IT/ITES park at Bangalore to cover hotel, retail outlets, commercial malls and service apartments.

GOCL also planning to develop 9.8 million square feet underway called “Hi- Tech City” project in Hyderabad. Currently it is in discussion with Hyderabad Municipal Corporation for connector roads to the Hi Tech City.

GOCL management is planning to develop Hyderabad property, plans for developing 9.8 million sq.ft. is under way. The Company is currently in discussion with the Greater Hyderabad Municipal Corporation (GHMC) which has proposed a major 100 ft. connector road through property to the Hi-Tech City.

Gulf Oil Corporation Ltd, another Hinduja-promoted company, plans to raise between USD 800 million and USD 1 billion through a public listing of Petromin, the Saudi-Arabia based-lubricant company it acquired, The IPO, which is likely by the end of this year, will dilute up to 30 per cent of Gulf Oil's stake in Petromin.

To read the full report: GOCL