Gulf Oil Corporation is an India-based company. The company operates in business segments, which include explosives, consult dealing in mining and infrastructure contracts, specialty chemicals dealing in bulk drugs and pharma, building products, property development and lubricating oils. Its subsidiaries include IDL Speciality Chemicals, IDL Buildware, Gulf Carosserie, Gulf Oil Bangladesh, Gulf Oil Lubricants Indonesia and Gulf Oil (Yantai) and Hinduja Infrastructure.
Recently, the company announced that it expects property development to emerge as a major vertical from this year and fetch revenues on par with its existing segments. Gulf Oil has about 800 acres in Hyderabad in addition to properties in Bangalore, Delhi and Kolkata. The company also said that its net profit for the half year improved to Rs. 33.23 crore from Rs. 7.67 crore a year earlier. Revenue improved 4.3 percent to Rs. 468.1 crore.
| NIFTY 
