 |
GULF OIL Corporation starts work for new mining projects
February 13th, 2008
Hyderabad, February 13, 2007: GULF OIL Corporation Limited, a Hinduja Group Company engaged in lubricants, explosives, speciality chemicals and mining & infrastructure contracts had earlier advised that they had been awarded mining projects valued at Rs. 300 crores.
The Manuguru Project at Singareni started few weeks ago has now stabilised and monthly production outputs have been achieved.
The Dudhichua project ( valued at Rs. 190 crores ) for Northern Coalfields Limited at Singrauli, Madhya Pradesh has also started 2 weeks ago. The production has increased and is planned to be stabilised within another 4 weeks.
The work on the mining contract for National Mineral Development Corporation Limited at Donimalai Iron Ore Mine in Karnataka which was awarded for a period of 5 years has also started last week.
All mining projects awarded to the Company in Q-3 of the current year have now been started and revenue streams from the 2 large projects at Singareni and Northern Coalfields Limited will be available for a period of 2 and 3 years respectively.
In addition, the infrastructure work undertaken by the Company on the Outer Ring Road in Hyderabad is also progressing well and further contracts are awaited.
About Gulf Oil: Gulf Oil Corporation is an ISO-9001:2000 company a turnover of over Rs. 500 crores. It deals in Industrial Explosives, Lubricants, Speciality Chemicals and Mining and Infrastructure contracts, is a part of the Hinduja Group.
GOCL is the largest manufacturer of detonators and the second largest private sector lubricant company in India, exporting to 24 countries in South-east Asia, East Africa, North Africa, Gulf, Middle East and Southern Europe.
GOCL has a well equipped R&D centre recognized by the Government of India. The Company’s strong R&D base enables it to provide customized solutions to its clients.
Its Contracts Division offers mining and infrastructure services for both domestic and overseas clients. It provides total solutions for coal, iron ore and limestone mines, quarries besides supporting NHAI and Infrastructure projects like the Delhi Metro.
The Speciality Chemicals Division with a strong R&D base, now manufacturers, antibiotics, anti-histamines, anti-depressants, and cardiac API’s at its new plant at Pashamylaram, outside Hyderabad mainly for exports.
For further information please visit www.gulfoilcorp.com or contact:
Mr. N. C. Sekharan,
Head – SBU, GULF OIL Corporation Ltd.,
Lubricants Division,
at 022-28248240, 56989900, 9819338850
Lt. Col. C. Raja Sekar (Retd.),
AGM (Corporate Affairs),
GULF OIL Corporation Ltd.,
at 040-23814648
Mr. Anil Velde,
Manager (Corporate Communications),
Hinduja House at 022-28248359 – Extn. 208,
Mobile: 9833079684
|
|
