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Gulf Oil to set up lube plant

Gulf Oil to set up lube plant
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Gulf Oil Corporation has outlined plans to set up another manufacturing unit for lubricants in South India with an investment of Rs 150 crore complementing its existing plant at Silvassa. The company recently completed a corporate restructure process with explosives division hived off into a subsidiary. The focus new strategy is to focus on lubricants division embarking on expansion while growing the explosives business by bringing in a strategic partner.

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