The Chemical Hub of Hinduja Group was created with Gulf Oil India Limited merging with IDL Industries Limited from January 01, 2002. The merger has enabled the company to leverage the large marketing networks of lubricants and industrial explosives businesses and achieve a turnover for the financial year 2008-09 of Rs 1,000 crore ($200 million). Exports accounted for 5% of the turnover.

IDL Industries Limited was renamed as GULF OIL Corporation Limited with the merger of Gulf Oil India’s business. A property Development Division was started in the Company from 2006. With effect from April 1, 2008 the business of specialty chemicals Division has been transferred to a 100% subsdiary - IDL Speciality Chemicals Limited through a scheme of arrangement sanctioned by the High Court of Andhra Pradesh at Hyderabad.

Gulf Oil Corporation (GOCL) is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations. Gulf has an agreement with GULF Oil International (Mauritius) Inc for trademarks licence and technical know-how. It introduced range of GULF’s international products in India. In 1994 subsidiary company of GOCL was set up under the name GULF CareX India (GCIL) India in technical collaboration with SIPAL Arexons SpA, Italy. SIPAL Arexons SpA is engaged manufacture and marketing of wide range of vehicle maintenance products and is part of Fiat Group Companies. GULF CareX India introduced product range of 'Do-it-yourself' that keep the vehicle fit.

In 1995 the company set up its first State-of-the-art blending plant at Silvassa. This plant has a capacity of producing 75,000 tpa of lubricating oil. In 1996 the name of GULF CareX was changed to GULF Carosserie India. In the same year GOCL was merged with Pita Ashish Oils & Lubricants

GCIL started production of greases in 1997. During 1997 the second manufacturing facility was started at Calcutta under blending and filling arrangements to cater to Eastern and North-eastern locations.

Products

GOCL Corporation Ltd.

The Andhra Sugars Ltd.

Bhansali Engineering Polymers Ltd.

Valiant Organics Ltd.

IG Petrochemicals Ltd.

SH Kelkar And Company Ltd.

Fairchem Organics Ltd.

Vishnu Chemicals Ltd.

Oriental Aromatics Ltd.

DCW Ltd.

Thirumalai Chemicals Ltd.

INEOS Styrolution India Ltd.

Grauer & Weil (India) Ltd.

Manali Petrochemicals Ltd.

Foseco India Ltd.

HDFC Bank Ltd.

ICICI Bank Ltd.

ITC Ltd.

Reliance Industries Ltd.

Tata Motors Ltd.

Market Cap	1,747 Cr		EPS	45.2		High	363.5
Stock P/E	7.8		Net Profit Margin	20.8		Low	341.5

Market Cap	1,747 Cr	ROE	15.2%
P/E Ratio(TTM)	7.8	EPS(TTM)	56.0
P/B Ratio	2.8	Dividend Yield	1.4%
Industry P/E	62.7	Book Value	124.7
		Face Value	2.0

GOCLCORP