Saturday 28 November 2015

Hinduja weighs sale of share in Saudi venture

  A unit of Indian conglomerate Hinduja Group has hired Deutsche Bank to consider options for a 49 percent stake in a Saudi lubricants venture valued at up to $700 million, three sources said.   Jed


Gulf Oil acquires US group for $1.04bn

Gulf Oil Corporation Limited (GOCL), a company of Indian conglomerate Hinduja Group, has acquired a 100 per cent stake in US-based Houghton International, a global market leader in metal working fluids, for $1.04 billion. GOCL sai


India, Iran firms to continue oil, gas talks

India's Oil and Natural Gas Corporation (ONGC) and the Hinduja Group will meet again with Iranian firms on developing an oil and a gas field in Iran and downstream projects in India. Officials from ONGC Videsh, the overseas arm of state-ru


Hinduja firm acquires Petromin

Gulf Oil International Ltd, a Hinduja Group company, along with its joint venture partner the Dabbagh Group in Saudi Arabia, today announced the acquisition of Petromin. Petromin is a joint venture between Saudi Aramco (71 per cent) and Mo

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