1 week ago
Gulf Oil to invest ₹55 crore to expand lubricant capacity
Gulf Oil makes lubricants used in vehicles and machines.
It plans to spend ₹55 crore to make about 70% more lubricants.
The new capacity will be added at factories in Chennai and Silvassa.
The Chennai work may finish by December, and the Silvassa work is targeted for March.
Gulf says its factories are already working nearly three shifts a day.
The company expects demand for its products to keep growing.
It is focusing on higher-priced synthetic and semi-synthetic lubricants.
Gulf is also developing environment-friendly oils and electric-vehicle businesses.
Its EV subsidiary Tirex earned more than ₹100 crore in FY26.
Gulf Oil Lubricants India will invest ₹55 crore over two years to expand capacity at Chennai and Silvassa by about 70%.
The Chennai expansion is expected by December, while Silvassa’s increased capacity is targeted for March.
The investment is intended to support demand growth in automotive and industrial lubricants for the next two to three years.
Gulf’s FY26 lubricant volumes grew 11%, compared with industry growth of 3-4%, while revenue reached about ₹4,056 crore.
The company is also expanding premium synthetic lubricants and its electric-mobility businesses, including Tirex.
- Who
- Gulf Oil Lubricants India, led by Managing Director and CEO Ravi Chawla.
- What
- The company will invest ₹55 crore to increase lubricant manufacturing capacity by around 70%.
- Where
- At Gulf’s lubricant plants in Chennai and Silvassa, India; its separate EV manufacturing expansion is in Gandhinagar.
- When
- The investment will take place over the next two years; Chennai commissioning is expected by December and Silvassa commissioning by March.
- Why
- To relieve pressure on plants operating close to three-shift capacity and support expected automotive and industrial demand growth.
Key facts
- Investment
- ₹55 crore over two years
- Planned capacity increase
- Around 70%
- Facilities
- Chennai and Silvassa lubricant plants
- FY26 lubricant volume growth
- 11%, versus industry growth of 3-4%
- FY26 consolidated revenue
- Approximately ₹4,056 crore
- FY26 consolidated EBITDA
- More than ₹500 crore
- Q1 FY27 core lubricant volumes
- 48,000 kilolitres, up 17% year-on-year
- EV subsidiary FY26 revenue
- Tirex exceeded ₹100 crore
Quotes
Ravi Chawla
Managing Director and CEO of Gulf Oil Lubricants India
“This is a considered, demand-led step. Our plants have been running close to three-shift capacity, so this both relieves that pressure and gives us headroom for the next two to three years of growth across automotive and the fast-growing industrial segment”
financialexpress.com
Sources
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