Gulf Oil Lubricants: Discontinuation of Ratings Assigned by CARE Ratings Limited
Deepthi | Myequity news | Date : 25-03-2019 18:21:00 IST
Gulf Oil Lubricants India Limited, a part of Hinduja Group Company, announced that the Company has repaid in full the long-term non- fund based facilities availed from its bankers and there is no outstanding under the said facilities as on date and therefore ratings assigned by CARE to the said long-term facilities has been discontinued.
Gulf Oil Lubricants India Limited (GOLIL), part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.