Gulf Oil Lubricants India Ltd (GOLIL) said that its new lubricant blending plant in Ennore, Chennai, in the southeastern coast of India, started commercial production yesterday. The lube blending plant has a capacity to produce 50,000 kilolitres (KL) of lubricants per annum. Investment in the lube blending plant was estimated at between INR 100-150 crores (USD14.9-22.4 million).
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.
Gulf Oil Lubricants India, which is part of the Hinduja Group, is an established player in the Indian lubricants industry. Gulf Oil International (GOI), parent of GOLIL, owns the Gulf brand globally, except in the U.S.A., Spain and Portugal. Previously a part of Gulf Oil Corporation Limited, today, GOLIL, as part of parent company GOI, is present in more than 100 countries.
Gulf Oil Lubricants India also has a lubricant blending plant in Silvassa, in western India, with a capacity of 90,000 KL, and a world-class R&D center.
The company has a pan-India network of 320 auto distributors, 30 industrial distributors and more than 50,000 retailers, which are supported by 33 depots, five regional offices and a corporate office in Mumbai.
Gulf Oil Lubricants India said it consistently outperforms the industry growth rate. “With 11% CAGR volume growth in the last eight years, GOLIL has recorded 3x-4x times growth of the lube industry,” the company said on its website.