GOLIL shares hit record high

Work continues apace on Gulf’s new blending plant in Chennai. After the ground breaking ceremony 2 months ago, the New Blending plant and R&D centre is scheduled to be completed at the end of 2017.

In the meanwhile, share prices of GOLIL (Gulf Oil Lubricants India Ltd) hit a record high of 744 Rupees on the Indian Stock exchange during August.

“It is great to see how our marketing-driven journey makes it necessary to build such a big new plant,” enthuses Frank Rutten. “Obviously a second excellent illustration of the success of this journey was the Gulf Oil India share rate going above 700 Rupees to its highest ever figure last Monday, The strategy to be Number Two in the Indian market – T2i2 – is well underway and the start of the building of this spanking new blending plant is a super clear illustration of that!”