In view of the fact about the lion share of its portfolio serving the automotive sector, Gulf Oil Lubricants, which is a Hinduja Group company, has charted out ambitious plans for capacity addition to become one of the leading players in the Indian lubricant segment. In this connection, it has undertaken capacity expansion including pushing investment in new plant and expansion of the existing ones. As a matter of fact the player believes that it has not yet tapped India's 1,200 thousand metric tonnes (tmt) industrial oils market with score of industries coming up near Chennai as it thinks that South India is the key to its growth both in the industrial as well as the automotive sectors.
In fact, capacity addition is also on at its existing Silvassa blending plant from the current capacity of 75 tmt to 95 tmt at an investment of Rs.40cr and the expansion process at this plant is likely to be over very shortly. In a bid to exploit the industrial lubricant market, Gulf Oil Lubricants' 50 tmt blending plant, which is coming up near Chennai, is also slated for commissioning in the next financial year.